Wednesday, May 01, 2013

New BBC TV Series - "Bankers"

BBC TV: Bankers

New TV series starts 2100hrs 8 May 2013 on BBC2. "Can we ever trust bankers again? A three-part series looks at the disasters and scams that have brought the reputation of our financial institutions to an all-time low. The first programme focuses in particular on last summer’s Libor scandal — the interest-rate-rigging that went on for years and showed the system wasn’t just unsafe, a key part of it was corrupt, too."
I'll be watching. I'm particularly curious to find out how banking went from being a respectable (and well-respected) profession to being infested with amoral money-grabbing bandits, gamblers and thieves.

Posted by grumpybob @ 02:03 PM (3084 views)
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1. dill said...

If I said that UK Governments and Banks have been joined at the hip for nearly three decades, would that answer your question?

Of course, I doubt the programme will get anywhere near a similar conclusion.

Wednesday, May 1, 2013 02:29PM Report Comment

2. khards said...

It's Thatchers fault - Init

Wednesday, May 1, 2013 02:51PM Report Comment

3. tick tock said...

I'm expecting .....once was pure.... .shocking errors...few bad apples ....tough new regulations......worst over... ...never again....rebuilding trust...nothing more to see here....time to forgive, forget and move on (with exactly same system has we had before) and all live happily ever after.

That's the usual stencil outline of these probing investigations.

Wednesday, May 1, 2013 06:00PM Report Comment

4. grumpybob said...

@3 - I agree. The only one you left out was that age-old PR stalwart, "lessons will be learned".

Wednesday, May 1, 2013 06:47PM Report Comment

5. icarus said...

The first installment will tell us a lot. If the Libor scandal is presented as rogue banks, unsupported by the BoE and the Fed, fixing interest rates downward to boost the value of securities on their balance sheets then we'll know it's a whitewash. Of course that was the main purpose of the private banks, but it also dovetailed nicely with the IR rigging by central banks.

Wednesday, May 1, 2013 10:06PM Report Comment

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