Thread: Out of touch?
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Old 20-01-2009, 16:54   #15
Taggy
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Re: Out of touch?

Well lets see how long Barclays remains free of "Government Medling" Think you'll find the Arab deal has strings attached too! The dramatic fall in RBS shares has just as much to do with Hedge Fund Speculators resuming their "Short Selling" practises again as the performance of the business. Barclays arnt immune from that...time will tell. None of the banks...including Barclays are willing to accept that they, along with fund managers are the cause of the current finnancial crisis. Its their Greed and incompetance which is behind the recession we now find ourselves in. Heads need to roll, and more regulation needs to be put in place to stop this from ever happening again. Bonus payments should be for long term performance, not short term, unsustainable gains. First and formost Banks should have preferential rates and lending criteria for British Businesses and individuals. We keep hearing how we as individuals have borrowed more than we can afford...yet the bulk of the so called "Toxic Debt" is what banks have lent to foreign customers....they need to stick primarily to markets and areas that they understand and are easier to regulate.

Best Regards - Taggy
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