Thursday, 28 June 2012

Bankers offer to give up their bonus ...

... they should be relieved of their freedom.

The story can be read in full here.

Regulators in Europe, the US and Asia have said that investigations into other banks are "ongoing", those people responsible for manipulating markets should be gaoled for life, this pond life ruin the lives of the little people.

Our  Financial Services Authority are not fit for purpose, if Tracey McDermott, director of enforcement thinks that a corporate fine, that would be extracted from those very same customers the banks screwed, is sufficient she lives in a la-la land, gaol is the only outcome for all those involved.

This is another example of the rottenness that should be cut out from society.

I am looking to the USA for a lead, the UK regulaters are far too close to the problem for me to be comfortable with an ethical outcome, only in the USA do perpetrators receive an adequate punishment.

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