Banking, Bankers and Government

by Craig Chapman - Party Leader - 14:06 on 01 February 2012

What a bloody mess !!

Until Gordon Brown (Badly Knitted Man) came along, our banks worked mostly very well for themselves and for our nation, with the Bank of England being the world's most revered financial institution.

Gordon Brown took away the safety regulations and then encouraged banks, especially RBS, to take enormous risks with their investments and stock sharing, whilst telling the public how prudent he was. Many of the EU countries followed suit, all taking massive, short-sighted risks with the very building blocks on which so many countries were built.

The slightest of wobbles in the so called Mid-West high risk toxic lending and whoosh, the entire banking industry worldwide fell apart overnight, thanks to a clan of power crazy fools.

Banker's bonuses have been incredibly high for years. Of course they should reflect performance and results as in every other business across the world, and of course, the best people will always be in demand and of course they should be taxed. Footballers can earn in 2 months, the same as a top bank manager's annual salary and bonus. I'm quite sure the banker has the more responsible job and deserves at least equal pay to someone who kicks a football and throws tantrums over denied penalties every 5 minutes.

I personally see the RBS Chief Executive Stephen Hester's bonus structure as an incentive for him to do even better. He didn't get a cash payment, he got £960K worth of shares. If the bank does really well under his leadership over the next few years, his shares will make him a very rich chappie and we as a nation will have seen our enforced public investment in this bank as a good thing in the long run. The St Paul’s stinkies can warble all they like, you can't have the chicken without the egg and vice versa.

Regarding RBS, it owes the nation big time as do others that were bailed out and therefore they have to keep their houses in order. As ever, it is the massively hypocritical Labour party that just can't keep its moronic sniffling out of trying to act as the nation's moral compass whilst being the largest collection of 2-faced weasels imaginable.

Society as a whole was almost as guilty as the Gordon Brown crowd and the foolhardy investment bankers. We all loaded our visas and over-stretched on house prices and now we, who were smack bang in the middle of all that behaviour, now complaining about bank manager's pay and bonuses. Glass houses come to mind.

Calculators are cold, inhuman number crunchers, but they don't tell lies. Gordon Brown and Tony Blair told lies and encouraged the banks to do likewise. Calculators don't do emotion, so approach and use them wisely.

On Fred Goodwin's loss of his Knighthood - he really shouldn't have got one in the first place and those who conspired to give him one - Gordon Brown being the one who egged him on to be so foolhardy with other people's money and livelihoods - it should be a case of they all get hit with the same brush, or none of them do. For Milliband to demand Goodwin to be de-Sir'd and not to demand that Brown, Prescott, Blair and co be likewise dishonoured, is par for the course for such a hypocritical drone.

Looking forward, well if we want our country to move forward and regain respect for our banking acumen, then any changes should be short, sharp, professional, one-off, based on the long term (not just to benefit some 4-5 yearly Parliamentary sitting) and decisive. All this fannying around is just embarrassing and doing our nation no good whatsoever.

The Blair and Brown Governments were absolute disasters, based upon lies. There is no other way to describe their callous use of potential future money, to make themselves look heroic for the term of their government only.

Even a good percentage of the gold that Gordon Brown sold off doesn't really exist, we just reserved first dibs on it when it is actually mined - for a recurring fee based on the then price of gold. We're still paying off that reservation at a vastly higher rate than the one-eyed liar sold it for - bloody idiot !!!

Popular Alliance really do not give a damn about short term fannying about. The long term stability of our country and the long term sustainability of our world come first and any short term whinge from those of Milliband persuasion should just grow up.

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