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Letwin Appeases Banksters On Our Behalf

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http://www.bbc.co.uk/blogs/thereporters/robertpeston/2010/12/varley_and_letwin_negotiate_tr_1.html

Mr Varley's main interlocutor in this dialogue is Oliver Letwin, the cabinet office minister. And, according to their colleagues, the talks are about the wider questions of how the reputation of banks can be rehabilitated and how banks can make a greater contribution to the UK's economic recovery, and not just what can be done to improve the perception of the quantum of bankers' bonuses.

Now you might think that the boot is only on the foot of the cerebral Mr Letwin, rather than Mr Varley's. But that wouldn't be correct, because so much of what the government wants to achieve isn't possible without co-operation from the banks.

Perhaps if Letwin put a few dozen of them in prison he may have some credibility.

Let's face it though, he's going to roll right over and take it up the ar5e on behalf of our children - forever.

We're all in it together (except the banksters, the politicians, their loophole lawyers, their tax scammers and apparently the soon to be chairman of globo tax avoider - Vodafone).

Letwin's future City board appointments and peerage look assured though. Hurrah!

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the talks are about the wider questions of how the reputation of banks can be rehabilitated

Good luck with that one. People have not yet figured out that the banksters have destroyed their pensions by stuffing them full of MBS's yet- this might be a high point in banker popularity compared to what's to come.

Pension funds were the mark of choice for MBS pushers.

It will be nice, won't it, as you sit shivering in your unheated house to turn on the TV and see yet another multi billion pound bonus round going to our city friends- if nothing else you will have the warm glow of knowing that somebody, somewhere, grew rich at your expense.

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  • 312 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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