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Hector Sants (Sir)

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You'd think his pay-packet would be compensation enough for the job wouldn't you?

The truth is, of course, that Sants has seen the REAL figures ----- He's seen the REAL picture - the one they NEVER show us - the one they NEVER admit to --- Because it would melt all shares & the world economy down in 10 seconds flat if they DID publish the truth....

Sants can't cope with the reality. It's probably completely off the scary scale to KNOW what he now knows....

It's like staring at the end of the world..... in the face. Very, very, very scary indeed... ;)

Edited by eric pebble

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The truth is, of course, that Sants has seen the REAL figures ----- He's seen the REAL picture - the one they NEVER show us - the one they NEVER admit to --- Because it would melt all shares & the world economy down in 10 seconds flat if they DID publish the truth....

Sants can't cope with the reality. It's probably completely off the scary scale to KNOW what he now knows....

It's like staring at the end of the world..... in the face. Very, very, very scary indeed... ;)

It's got to be true! Look at the state of Brown before they carted him off, scribbling in crayon and throwing phones at the wall. Or Blair's unblinking messiah complex.

Perhaps word of a fresh Libor investigation at Barclays was the thing that tipped Sants over the edge? :D

http://www.telegraph.co.uk/finance/libor-scandal/10379306/Barclays-faces-new-Libor-rigging-review.html

Barclays could face a fresh investigation into its attempts to manipulate Libor after the discovery of a cache of documents related to the scandal that were not available to regulators before its £290m settlement last year.

The Financial Conduct Authority has been informed by Barclays of the existence of the new documents and the market regulator is expected to review the documents before making a decision on whether to open a fresh Libor-rigging inquiry into the bank.

Last year, Barclays was fined £59.5m by the FCA’s predecessor, the Financial Services Authority, as part of a joint UK-US settlement over its role in attempts to manipulate Libor as it became the first bank to admit its involvement in the scandal.

However, legal papers filed on Thursday with the High Court showed Barclays had subsequently unearthed documents related to Libor that were never seen by the British and US authorities.

Lawyers for Guardian Care Homes, which is challenging an attempt by Barclays to dismiss the Libor element of its claim that the bank mis-sold it millions of pounds of interest rate derivatives, said the documents showed that “Barclays’ misconduct goes further and wider than the regulatory findings”.

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Shame sainrts doesn't rhyme with pathetic troughing little shit.

These scum are the problem. This is not a recsssion, it is a robbery. The lenders, the regulators are in on the game. YOU are the mark.

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Shame sainrts doesn't rhyme with pathetic troughing little shit.

These scum are the problem. This is not a recsssion, it is a robbery. The lenders, the regulators are in on the game. YOU are the mark.

Yup. The REALITY - The TRUTH -- THE ACTUALITY..... Whatever you want to call it....

What ACTUALLY happened - and what has ACTUALLY gone on....... is VERY ugly.

VERY bad.

VERY dishonest.

Off-the-scale dishonesty, in fact.

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Barclays press release today:

Barclays has today announced changes to the senior management of the Group as a result of the resignations of Head of Compliance and Government and Regulatory Relations, Sir Hector Sants, and Chief Operations and Technology Officer, Shaygan Kheradpir.

Hector Sants has been on sick leave since the beginning of October, suffering from stress and exhaustion. He has concluded that he will not be able to return to work in the near term. Consequently he has decided to resign from Barclays and not return from sick leave.

http://www.newsroom.barclays.com/Press-releases/Barclays-Announces-Senior-Management-Changes-ad3.aspx

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I can sympathise with him as stress is terrible. Unless someone has personally experienced medically diagnosed stress it is impossible to understand it and how damaging it truly is.

However, with his job and salary and position I find it hard to feel the same way I would about almost most other people - footballers and fluff celebs aside - suffering from medically diagnosed stress.

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Perhaps he's just found out that he doesn't know anything about modern 'banking'.

Maybe he doesn't know what they are talking about when they come to HIM for advice on Compliance of what they are doing.

The fear of saying 'I don't know' when HE is supposed to be so knowledgable and important and he suspects they are all laughing at him behind his back as they toy with him in their den.

I suspect he knew exactly but they told him he could no longer say 'No' or he must stop asking questions...

Edited by Killer Bunny

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Maybe he is stressed as his life's savings is in various banks and he's getting **** all interest and has no idea if they are really solvent.

here's a gift for his Christmas

small_violin.jpg?w=300&h=225

Edited by TheCountOfNowhere

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I would bet he couldn't stomach the way Barclays do business.

But was fine when he had a senior post at credit Suisse investment bank?

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Perhaps he's just found out that he doesn't know anything about modern 'banking'.

Maybe he doesn't know what they are talking about when they come to HIM for advice on Compliance of what they are doing.

The fear of saying 'I don't know' when HE is supposed to be so knowledgable and important and he suspects they are all laughing at him behind his back as they toy with him in their den.

Would you want to be the neck on the block for 'compliance' at Barclays?

Me neither.

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