O, What a Wicked Web We Weave
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Rant about the appalling situation with some of the leading banking executives still clawing for billions of our tax dollars.
Just out today, hot off the press is the news that some of our leading bank executives were being warned back in 2005 by senior managers and more shockingly by senior risk managers that the level of lending was leaving the banks very vulnerable and something should be done about it. The main story leader on this is a chap called Paul Moore who advised HBOS on risk management. He was fired after continuing to berate senior banking figures of this worrying trend and has come forward at last to say his piece. Great timing as we are still reeling from the news that umpteen billions is still being thrown at these clowns in bonuses and bail outs.
The more we find out about the workings of these great money moving corporate machines, the more transparent their incompetence becomes, and the angrier we get.
Angry at the miss-management of our money. Angry at the mosh-pit of suited bankers squawking for the bail-out billions. Angry at the misery heaped on hard working people trying to raise families who now face ruin. Angry at the governments that trust these people with our future tax dollars to the tune of trillions, and angry that it could well be our children left paying the price.
I don’t think there are any easy answers to this problem but surely placing everything our countries own and will own or earn for the next 25+ years on what seems to be a global roulette wheel is not the answer.
Bankers Haiku
The money has gone
You must be more careful now
While we print some more
4 Comments
Its a scary thought that our kids and possibly our grand kids will be paying for there greed and incompetence.
Good article. And I agree with Mark, it is so sad.
It’s time governments paid more attention to whistleblowers. The people have to insist on it if they want good financial management in the future.
We don’t know whether the huge injections of money are going to save the world from financial meltdown, it’s time to start paying attention, so they (the money monkeys) don’t get away with whatever it was they got away with this time.
These financial moguls were paid far, far more than peanuts, but they’ve carried on like greedy monkeys nonetheless.
very informative. nice piece!eyp8i