Tuesday, 27 January 2009

Hang them out to dry

Banks and bankers eh, what a lot of wankers. And very rich ones too, you wont find many of them scrabbling about on the dole, struggling to pay their mortgage and feed the kids, and with their pension now worthless. You wont see them at any of Bristol’s homeless shelters or soup kitchens. Well not yet anyway, but do we have plans for them!

Time to make them pay!

The UK and international banking situation, in fact the whole ‘financial sector’ of the economy, continues to unravel at a rapid rate, claiming its first government victim this week in Iceland. No doubt more will follow, as the close ties between the financial sector, other corporations, and the politicians elected to serve us, but with their noses firmly in the trough, become ever more exposed as this or that enquiry or fraud trial slowly reveals the truth (my how the House of Lords is squirming right now). And what a truth it is: malpractice, misadministration, deliberate false accounting, insider dealing, gambling with someone else’s money, outright fraud and corruption. Then of course there is the greed, the greed for money and profit, available by cooking up evermore absurd financial pyramids and schemes so that in the end nobody actually knew what debts they were liable for and to who. They make Sustrans look saintly by comparison.

Of course, before the crash of the last 6 months, these banks and bankers were creaming it off for over 15 years, and making merry with buyouts, takeovers, bonuses, share options, property purchases, art collections and the like. So we can guess many are sitting pretty, and indeed many continue to do so – despite the crash handsome salaries and bonuses are still being paid, currency and share price speculation continues, they keep playing with our pension funds, golden handshakes remain the norm for retiring execs. Meanwhile, governments here and across the world are pouring our money into these same banks so as to ensure the whole creaking system doesn’t crash, they are increasing the public debt by billions as billions and trillions of pounds and dollars are injected to a failed system. But we don’t see them making any such funds available to hard up Bristolians now do we. Will the government pay off my mortgage now I’ve lost my job? Didn’t think so.

For us its going to be years of tightening belts, worries over paying bills and mortgages, feeding the kids, unemployment, repossessions, rent arrears, courts and bailiffs, dwindling savings, worthless pensions, and either inflation or deflation. Well sod that, lets make them pay for the crisis they have created. We demand:

1. That the 100 highest paid execs (by salary & bonuses) at every bank and financial institution be forced out of their jobs. That they be re-employed on socially useful Community Payback schemes on a minimum wage, with the words ‘I was a banker’ emblazoned on the back of their yellow jackets (prison is a waste of money for people like this, they’d only re-offend).

2. That they and their families be relieved of all their homes and properties, stocks and shares, trusts and funds, directorships, art collections and any other form of wealth. Any wealth they have ‘hidden’ in the last 10 years to be recovered. That they be rehoused in a the nearest social housing tower block. That their wealth & property be held in public trust until such time as it is converted into socially useful housing / cash and made available to community banks, credit unions, local job creation schemes and other community initiatives. To be agreed on by local assemblies.

3. That any senior banking/finance exec, and politician, who has retired/left their post in the last five years, with a renumeration package/pay of over £200,000.00, be treated according to demands 1 and 2 above. Any such person who be over retirement age be entitled to merely the state pension and applicable benefits.

4. That henceforth banks and financial institutions may only lend out sums equal to the deposits they hold, at a rate no higher than the Bank of England base rate. That they will not speculate with pensions funds, currencies nor share dealing.

We want justice, and we are going to get it.

(The peoples front for the liberation of Bristolians from corrupt bankers and financial exploitation)


Mrs Trellis, North Wales. said...

Dear Mr Flash Gordon.

Can I suggest we save some piano wire for the rest of the 'Financial Services Industry' too?

Sue said...

Lots of sh*t about to hit the fan I guess, peeps are angry.

We have Iraq War minutes ordered for release, peers behaving "inappropriately" and now this. I bet they're all squirming.

GOOD, couldn't happen to a nicer bunch.

Mitch said...

Should we have a "financial service provider" register like the sex offenders but with truly vile people on it?.
You could then check if there is one living in your area.

Anonymous said...

Mitch - it already exists, the FSA Register.

AntiCitizenOne said...

You pick the wrong target.

Regulation controls the amount of credit/debt in the system.

Governments lowered Bank Reserve ratios to increase the amount of debt in the financial system. Banks then allocated that debt.

This mass of credit has a real servicing cost. The credit expansion however was used to fund more and more marginal investments as there are only so many useful investments in the economy at one time.

The credit crunch, after a credit boom was inevitable and easily predictable. The fault was of cause the governments.

Ampers said...

I heard the Irish named their currency the "punt" because it rhymed with "bankers".

Old Holborn said...


Thieves are still thieves, no matter who left the door unlocked.

Anonymous said...


Lawful Rebellion - Actions Not Words

The provisional date for the next conference is the 2nd May, 2009. Tickets will go on sale shortly.

Old Holborn said...


Write a piece for this blog then


Sue said...

Blair, Brown and alot of others need to go to prison too!

AntiCitizenOne said...

Not when they are called the government.

ZZ said...

And the morons who borrowed money they couldn't pay back? They're completely innocent, I suppose.

stanislav said...

Where please is the California story,is there a link ?

clochoderic said...

Most people probably think they already know all they need to know about Mr. Wee Doogie Alexander, but I have some new information to bring to light. Instead of focusing on why Wee Doogie's bait-and-switch tactics are a masterpiece of villainous insurrectionism, I would like to remind people that a great many of us don't want Wee Doogie to lead an unprofessional jihad against those who oppose him. But we feel a prodigious societal pressure to smile, to be nice, and not to object to his reprehensible, vitriolic undertakings. Because his sense of humor runs the gamut from rude and crude to diabolic and loquacious, because his continuous and deliberate misuse of the word "predisadvantageously" in an attempt to turn a deaf ear to need and suffering is both litigious and pernicious, and because I was appalled when I first learned that his vicegerents want to turn caitiffs loose against us good citizens, we can conclude that if Wee Doogie is victorious in his quest to mold the mind of virtually every citizen—young or old, rich or poor, simple or sophisticated—then his crown will be the funeral wreath of humanity.

OH - just a sample from a great link I found today:


no longer anonymous said...

Sorry, not with you on this one. The credit bubble and crash was caused by the central bank holding interest rates too low. I'm surprised a libertarian isn't acquainted with the economic analysis of the Austrian School who saw this mess coming years ago.

anonemo said...

o/t for this thread but it relates to the uphill miners thread. More here.

This is society gone mad, where do they find these hoons!!

"Two young children are to be adopted by a gay couple, despite the protests of their grandparents.

The devastated grandparents were told they would never see the youngsters again unless they dropped their opposition.

The couple, who cannot be named, wanted to give the five-year-old boy and his fouryearold sister a loving home themselves. But they were ruled to be too old - at 46 and 59."

Anonymous said...


I love you to bits but you are absolutely wrong.

Bankers must make money.

They do so within the rules.

If they do not, they are fucked.

Interest rates were suppressed for too long.

The Economist said in 2000 that properties here were 30% overvalued.

No one took the heat off the market, eg, publishing *real* rates of inflation.

No-one banked the enormous additional stamp duty and other taxes raised. Brown spunked them up the wall, instead of putting them in the kitty.

Thanks to some nameless moron, the economy is ruined. Typical, when the wankstain did his fucking thesis on the Labour Party in Scotland. The abridged version goes:
Anyone smart fucked off, so the Laboooooooooooour Party had its core constituency of the Scottish Fritzl and anyone on benefits.

If anyone reading this voted for him, or any of his mates, get a tumour. If it's malignant I'll send you £10 for a prayer rewarded.

The Penguin said...

This just cannot be right and cannot be allowed to stand.

Social workers in Edinburgh have decided to place a brother and sister for adoption with a gay couple of men despite the little girl being wary of men, and against the wishes of their grandparents, who have been deemed too old to care for them, and have also beenthreatened with never being allowed to seetheir grandchildren again if they dare to object.

The fucking bastard lunatics are in charge of the asylum!

Now, if there's any right minded people in Edinburgh, write, email, phone, shout - go and tell your local authority responsible for this social services department that this is completely wrong and unacceptable. You have the power - use it.

The Penguin

Anonymous said...

Rather than violating their property rights, changing the law respectively, committing theft of banker's legally acquired property and getting involved in fascist state/business joint practices . Just let poorly managed banks naturally go insolvent, simple.

Daisy said...

if you want all of the names of bankers...you need not look farther than where the governmental money is going in bail outs...saves lots of time and trouble...
seems to me, at least back in the day, banks were the people who would help you budget money, etc so there was not overspending...if they can't get it right...well you know the rest...

Dave H said...

When Kerry says 'Hoon says soon' does she mean she's going into labour?

Anonymous said...

God it's bleak in Brissel ennit!

Never mind. You can always watch a Cathy Barry film or if that's too much, there's always Dancing on Ice.

We'll all be chavs soon so better get used to it

Devil's Kitchen said...

As Anon said above, what you advocate for bankers is "violating their property rights, changing the law respectively, committing theft of banker's legally acquired property and getting involved in fascist state/business joint practices".

So, it's one rule for Palestinians and another for bankers, eh...?



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