Saturday, Nov 14, 2009


The Telegraph: Barclay's John Varley admits banks have 'much to be sorry for'

One of Britain's leading banking executives has admitted that the banking industry has 'much to be sorry for' and needs to show that it is grateful to the British public for the multi-billion pound support taxpayers have provided.

Posted by devo @ 11:45 PM (758 views)
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1. devo said...

Banksters think we need softening up for another bailout.

No need to apologise banksters - go ahead and take it, you'll find no resistance here.

Saturday, November 14, 2009 11:50PM Report Comment

2. cat and canary said...

He´s sorry. awwwww. John, you dont need to be sorry, for isn´t.....

"paying out bonuses is compatible with Christianity..... There is no conflict between doing business in an ethical and responsible way and making money....... We make our biggest contribution to society by being good at what we do.....Talent is highly mobile. If we fail to pay or are constrained from paying competitive rates then that talent will move to another employer......Profit is not satanic" ...........And in remarks after the service to financial news firm Bloomberg, he argued: ‘Is Christianity and banking compatible? Yes. And is Christianity and fair reward compatible? Yes,’

John Varley, Speech in London’s St Martin-in-the-Fields Church, 3rd Nov 2009

Sunday, November 15, 2009 09:21AM Report Comment

3. Peter Pervis said...


Be Grateful to our Labour governmnet, who allowed you to make untold riches, through a complete lack of regulation, [by placing the rest of us into lifetimes of debt bondage] and and then robbed us blind, to make sure you continue to make untold riches.

The Labour Party could not have done a worst job of running the country. Truly Truly Evil, they are.

Sunday, November 15, 2009 09:40AM Report Comment

4. bystander said...

So it really is true. Banksters really are just doing God's work. It must be true if two 'religious' banksters say it is. Blanfein, and Varley ........and they say they are a little sorry for what has happened and should be a little grateful for the help they have recieved off of the back of all our children. The bonuses this year are going to be truly unbelievable, otherwise these two eminent financial shysters wouldn't be putting out the charm, PR offensive this early. Expect to be truly sickened by the avarice and presonal enrichment we will see come January.I seriously believe that the $27BLn quoted from Wall Street and the 10Bln GBP quoted from the CITY will be small change this year. I must keep reminding myself that whenever I see a group of suited parasites quaffing crystal and eating quails eggs stuffed with marsupial snot, that it is their taxes that pay for the NHS, Police, refuse collection etc. that I use.........hold on a minute.......ITS MY BL**DY TAXES that pay for them too.

Sunday, November 15, 2009 10:05AM Report Comment

5. mark said...

what people are missing is banks merely reacted to market conditions , as prices were ramped up by greedy estate agents, banks had to react to keep business coming in or fail, the only way to keep business coming in is to lend with loose conditions..

Sunday, November 15, 2009 04:12PM Report Comment

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