Diamond has gone !!!

[Monsieur Le Plonk]

I didn't see it, was that the Tullets bloke ?

Yup, think it was Terry Smith's first time on QT but also missed it.
He normally doesn't shy away from saying it 'how it is' but also can come across as a smug know-it-all.

 

[Tricky Dicky]

Yup, think it was Terry Smith's first time on QT but also missed it.
He normally doesn't shy away from saying it 'how it is' but also can come across as a smug know-it-all.

I've not worked for Tullets, but most of the similar companies I have worked for have someone at the top that could match that desription.

 

[16bha]

I wonder whether he will get the usual generous pay-off that seems to be a key feature of failure as much as success in the banking industry?

That's the price they have to pay to keep the skeletons in the wardrobe.

 

[Worthingite]

This amused me somewhat (both me and the mrs bank with Barclays, what frightens me the most is that we only joined them last month )
http://newsthump.com/2012/07/03/new-barclays-advert-to-feature-satan-fisting-a-puppy/

 

[Chicken Runner61]

Get on large for Redknapp to be the new Chairman

 

[Lower West Stander]

Agree Diamond should have gone, but Tucker is just as culpable. Please do not tell me the BoE didn't know about this...........

 

[The Large One]

Agree Diamond should have gone, but Tucker is just as culpable. Please do not tell me the BoE didn't know about this...........

Flippin' 'eck, Tucker...

 

[melias shoes]

I hope people go to jail, maybe Diamond included for corporate negligence or worse. He's a shyster and not alone in that industry. Crooks and Spivs.

100% This. He should be jailed along with the other shysters.

 

[Herr Tubthumper]

He runs an inter dealer brokerage, totally different animal.

Okay, A financial chap then.

 

[Common as Mook]

Expect BD to take down plenty of people with him tomorrow. Labour are going to look VERY silly.

 

[Brighton247.com]

Get on large for Redknapp to be the new Chairman

hahaha

 

[User removed 4]

I didn't see it, was that the Tullets bloke ?

yes mate.

 

[The Large One]

Expect BD to take down plenty of people with him tomorrow. Labour are going to look VERY silly.

This is about a conversation between Paul Tucker and Bob Diamond.

The Bank of England is 'independent' (though I use that phrase fairly loosely) from the government - so which one of them is in the Labour Party or the (then) government?

They've got to name the relevant minister(s) in question - do they have that smoking gun?

 

[Simster]

Expect BD to take down plenty of people with him tomorrow. Labour are going to look VERY silly.

Ed Balls is the one who looks most at risk. Hardly a suprise, the man's a fuckwitt.

 

[Common as Mook]

This is about a conversation between Paul Tucker and Bob Diamond.

The Bank of England is 'independent' (though I use that phrase fairly loosely) from the government - so which one of them is in the Labour Party or the (then) government?

They've got to name the relevant minister(s) in question - do they have that smoking gun?

I would imagine that Bob Diamond has more smoking guns than most. Ed Balls has cancelled all public engagements today apparently. Could be interesting.

 

[The Large One]

I would imagine that Bob Diamond has more smoking guns than most. Ed Balls has cancelled all public engagements today apparently. Could be interesting.

Does he have a smoking gun? So far, all we've had from him is retrospective (and uncorroborated) notes from four years ago to suggest certain incinuendos (© Don Logan) - with no hard and fast evidence (the smoking gun) in the public domain. Any claim can be denied without that evidence. Don't forget, Bob Diamond has an awful lot of explaining to do - a huge fraud took place on his watch.

Of course, he could just be saving everything he's got in his closet for this hearing...

It's logical for him (EB) to cancel engagements. I would suspect most ministers and MPs are going to listen to Bob Diamond. It's vital that everyone in the Treasury, (civil servants, ministers and shadow ministers) pay full attention to work is going to be said.

 

[User removed 4]

Ed Balls is the one who looks most at risk. Hardly a suprise, the man's a fuckwitt.

Hang on a minute , is there any need to be so vicious ? You're probably talking about one of TLO's close personal friends here

 

[Common as Mook]

Does he have a smoking gun? So far, all we've had from him is retrospective (and uncorroborated) notes from four years ago to suggest certain incinuendos (© Don Logan) - with no hard and fast evidence (the smoking gun) in the public domain. Any claim can be denied without that evidence. Don't forget, Bob Diamond has an awful lot of explaining to do - a huge fraud took place on his watch.

It's logical for him (EB) to cancel engagements. I would suspect most ministers and MPs are going to listen to Bob Diamond. It's vital that everyone in the Treasury, (civil servants, ministers and shadow ministers) pay full attention to work is going to be said.

I agree with all of that.

However, I think you have to be naive in extremis if you think that the seated government at the time of the scandal have had NOTHING to do with it.

 

[The Large One]

I agree with all of that.

However, I think you have to be naive in extremis if you think that the presiding government have had NOTHING to do with this.

True, but there's 'nothing' and then there's a 'deniable nothing'.

 

[Kumquat]

True, but there's 'nothing' and then there's a 'deniable nothing'.

I think you're right but it's going to be uncomfortable for Labour. Their best ploy is to point out that the Tories would have gone even further with deregulation. The only person coming out of this well will be Vince Cable who has consistently over the last two years fought within Government (and before in opposition) against Tory opposition to tackle the banks. Will be interesting to see what line he takes. I think he may be very quiet on the matter.