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Andrew Bailey: It's 'odd' Uk Bank Bosses Have Avoided Formal Charges

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http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/9995972/Andrew-Bailey-its-odd-UK-bank-bosses-have-avoided-formal-charges.html

Britain's chief financial regulator, Andrew Bailey, has said it is “more than odd” that the chairmen and chief executives who were at the helm of the failed banks have avoided formal charges.

The chief executive of the Prudential Regulation Authority (PRA) said that it was a “source of some surprise” to him that authorities had brought cases against junior bankers but not senior directors.

Speaking at a conference in London, Mr Bailey said it was “not the job of the regulator” to say if individuals should go to prison.

But he added: “It is to my mind a very striking observation and difficulty with the crisis that no formal action has been taken against any chief executive or any chairmen of a failed institution. Not because I have a personal vendetta against them but it is more than odd that action has been taken against people lower down institutions but not at the top.”

He told the Future of Financial Services Summit that Barings directors had been struck off after the bank was brought down by Nick Leeson, the rogue trader in 1995. “They did not like that but it happened,” he said. “And it has been the source of some surprise to me that it has not happened in wake of the crisis to date.” But he said he "welcomed" Vince Cable's announcement to investigate a boardroom ban for the three former bosses of HBOS, Lord Stevenson, Sir James Crosby and Andy Hornby, in the wake of the Parliamentary report into the collapse of the bank.

Blame is something that can only be put on little people, captains of industry are risk takers and innovators we can't be jailing them where would the economy be?

The system is rigged, no banker will ever be jailed for this mess.

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I believe that there is indeed one law for little people and little or no law for the 'big' people.

I remember reading that a police spokesman said recently that 'we do not normally pursue white collar crime'. I can't remember the context, unfortunately.

Jimmy Savile was obviously protected by the police for over five decades. One man who complained that Savile raped his girl friend was told, 'You could be arrested for making allegations like that.' A girl who made an allegation was also threatened by the police.

:angry:

Edited by Giordano Bruno

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I believe that there is indeed one law for little people and little or no law for the 'big' people.

I remember reading that a police spokesman said recently that 'we do not normally pursue white collar crime'. I can't remember the context, unfortunately.

Jimmy Savile was obviously protected by the police for over five decades. One man who complained that Savile raped his girl friend was told, 'You could be arrested for making allegations like that.' A girl who made an allegation was also threatened by the police.

:angry:

re Savile, show us the links.

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http://www.telegraph...al-charges.html

Blame is something that can only be put on little people, captains of industry are risk takers and innovators we can't be jailing them where would the economy be?

The system is rigged, no banker will ever be jailed for this mess.

Yep

- autonomous City of Londun, a country within a country answerable to ?

Even Thatcher let on in a famous GAffe during a cabinet meeting Q& A answer

"THEY WON'T LET ME" :ph34r:

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http://www.housepric...howtopic=183555

See this thread, plenty of discussion on there about it.

http://www.businessinsider.com/peter-morrison-linked-to-pedophile-ring-2012-11

on a different note

Guess who the other major 'faces' were in Thatcher party

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Business insider? And they don't know how to spell paedophilia?

A thought. Maybe the Savile affair and the other celeb nonce-sense just some circus meant to distract the plebs away from the banker's financial abuses?

And you are a Pedant

Google >>>

Peter morrison + Edwina curry diaries

Thatchers aid for over a decade

http://flog.flameson...orrison-as.html

1. Norman Tebbit is named as having been told by Peter Morrison himself that he was a pederast.

2. Teresa Gorman is named as also being privy to this information.

3. Morrison's agent was alleged to have been paid to keep quiet about his activities.

Then you add in the Welsh connections

Then Savile and his cronies

Ex Thatcher staff suing & denying everything etc

Then this

Miss Harman, 58, was a newly qualified solicitor when she became legal officer for the National Council for Civil Liberties, now known as Liberty, in 1978. At the time its general secretary was Patricia Hewitt, who went on to become health secretary under Tony Blair.

Among the groups affiliated to NCCL were the Paedophile Information Exchange and Paedophile Action for Liberation, whose members argued openly for the abolition of the age of consent. NCCL complained to the press watchdog about their treatment by tabloid newspapers and said in one article: "We support any organisation that seeks to campaign for anything it wants within the law. They have that right."

In NCCL's official response to the Government's plans to reform sex laws, dubbed a "Lolita's Charter", it suggested reducing the age of consent and argued that "childhood sexual experiences, willingly engaged in, with an adult result in no identifiable damage". It claimed that children can suffer more from having to retell their experiences in court or the press.

Amid growing public concern about adults preying on children, the Protection of Children Bill was put before Parliament in order to tighten the laws on child pornography by banning indecent images of under-16s.

NCCL's official response, signed by Miss Harman and submitted in April 1978, claimed that the new law could lead to "damaging and absurd prosecutions" and "increase censorship".

http://www.telegraph...graphy-law.html

Edited by erranta

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  • 245 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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