It’s escalating. Following the resignation of Barclays’ Chairman this morning, the government announced a twin probe into the Libor system and banking standards; and Bob Diamond (Barclays CEO) is threatening, according to the FT, to reveal potentially embarrassing details about Barclays’ dealing with regulators
My name is Aston Walker convicted looter and film maker. Spoke to Mark Hoban MP, Financial secretary to the Treasury in the green room at the BBC White City and he claims he has never heard of you. His assistant went slightly pale on mention of your good name and I asked him about the unregulated hypothecation in London banking. He said he was aware of it after I quoted the Wall street 140% cap you mentioned in your reports. I also said would we be heading for a gold standard to which he said we are a long way off from that happening and laughed.
I got nabbed with £200 of clothing while these bankers not only get the shirt off your back but the high frequency traded cotton market hedge and a £250,000,000 skimmed profit from blue rinsed old ladies savings.