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July 3rd, 2012 
FAKE NEWS for the Zionist agenda
By
Becky Barrow
18:19 EST, 2 July 2012
|
02:18 EST, 3 July 2012
Bob Diamond has threatened to reveal details of Barclays’ dealings with regulators if he comes under fire from MPs tomorrow.
Sources close to the financier said: ‘If he is attacked, he will fight back.’
He will be grilled in the Commons by the Treasury Select Committee and the details could be highly embarrassing for regulators with increasing speculation that they were aware of the bank’s practices but failed to act.
Defiant: Barclays boss Bob Diamond will be grilled in the Commons by the Treasury Select Committee and the details could be embarrassing for regulators
Mr Diamond is said to be furious that he and the bank have been blamed for ‘lowballing’ the rates at which Barclays said it could borrow from rivals.
Bankers insist the authorities knew these rates were inaccurate but did not act because they feared the truth would destabilise the markets.
It is also claimed that regulators possessed evidence of rate-fixing.
Mr Diamond yesterday apologised for his role in the interest-rate fixing scandal – but did not offer to resign, or even hint that he is considering his position.
He said he understood why the reaction has been ‘severe’, adding: ‘No one is more sorry, disappointed and angry about these events than I am.’
But his apology failed to ease the growing pressure on him to resign after his leadership of the bank and its casino-banking investment division triggered such a catalogue of disasters.
Since January 2011, Barclays has been found guilty of ripping off the elderly, avoiding up to £500million in tax, manipulating interest rates, mis-selling payment protection insurance and systematically exploiting small firms with the sale of complex loans.
Chancellor George Osborne, left, and Bob Diamond at the World Economic Forum annual meeting in Davos, Switzerland, last year
Despite this long list, Mr Diamond, whose pay package was worth around £18million last year, retains his position at the bank’s helm.
Lord Oakeshott, the leading Lib Dem peer, said: ‘Bob’s still got to go. Barclays simply isn’t safe in his hands.
‘The board is so hopeless they’ve just shot the head of the firing squad and missed the prisoner.’
This is a reference to the fact that the Barclays chairman, Marcus Agius, resigned yesterday in a move widely seen as trying to divert attention from Mr Diamond.
Gary Greenwood, a banks analyst at stockbroker Shore Capital, said the departure would ‘do little to appease the many who see Bob Diamond as having primary responsibility’.
An independent investigation has been set up into Barclays which will undertake ‘a root-and-branch review of all of the past practices that have been revealed as flawed’.
Mr Diamond said the investigation’s findings will be published, and the bank will adopt a new ‘zero-tolerance policy’ against all actions which harm its reputation in the future.
Yesterday Mr Agius also said he was ‘truly sorry’ that the bank’s customers, clients, staff and shareholders have been let down.
He also quit as chairman of the embattled British Bankers’ Association, and sources said his non-executive position at the BBC might not last much longer.
A BBC spokesman said: ‘Marcus Agius is currently serving his second three-year term as the senior non-executive director on the BBC’s executive board. He will continue to discharge his duties until his second term expires in November.’
It is understood he is likely to stand down and will not serve a third term.
Mr Agius, who was paid £751,000 by Barclays, admitted the Libor scandal had ‘dealt a devastating blow to Barclays’ reputation’, adding: ‘The buck stops with me.’
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The pack of cards has started to fall; whose next….we are all waiting.
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80 % of the UK’s wealth is owned by just 14 % of the population. I believe that this is only tolerated because of the nation’s basic belief in justice for all. If the nation were to loose this faith then I think that there will be a terrible unrest and all its ugliness all across this land.
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Bring it on “glass bob”-lets get to the truth -for once!
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I think it is long overdue that the people with the purse strings came clean with the populace We are sick of being conned and so far as the bankers are concerned at the fact that the top brass are using the money at the bank as theirs to take and put in their own account Giving them bonuses of millions is nonsense The workers earn the cash
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No Bob you are wrong again. There are lots of people who are angrier and more upset than you. What about all those people who have lost their homes and this was a contributing factor? What about all those Honest hardworking people who actually do create wealth, jobs and security for our communities whose firms have gone bust because of this? What about the loyal staff and employees of these firms who have lost their jobs because of this? And what about the human cost to all their families? Lets not forget the poor old hard pressed tax payer who doesn’t have an accountant or an account in Jersey or else where? Your apology is empty, arrogant and full of self pity. Poor you, good riddance!
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Well, he’s gone but that creates another problem for Barclays’ shareholders because I bet his legally binding contract will entitle him to millions and more millions and he has a few of these to fight his case through the courts to get every penny if he thinks he’s being short-changed.
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No Bob you are wrong again. There are lots of people who are angrier and more upset than you. What about all those people who have lost their homes and this was a contributing factor? What about all those Honest hardworking people who actually do create wealth, jobs and security for our communities whose firms have gone bust because of this? What about the loyal staff and employees of these firms who have lost their jobs because of this? And what about the human cost to all their families? Lets not forget the poor old hard pressed tax payer who doesn’t have an accountant or an account in Jersey or else where? Your apology is empty, arrogant and full of self pity. Poor you, good riddance!
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He’s no Diamond in the rough, he’s a spiv on the make and breaking news… He’s a decidedly CUT RUN Diamond… resigned this a.m. Good riddance!
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Just heard this odious man has resigned. Looks like the sparkle has gone. Good riddance to bad rubbish…..
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Let`s wait to see what he says. About the time all this happened BoE Base Rate was c5.5% – it is now .5% – an 11th of what it was. The Banks are accused of contriving to REDUCE the Libor Rate. Base Rate was reduced to keep mortgage rates down so that hundreds of thousands of houses would not be reposessed. Cameron continues it for the same reason. I find it impossible to believe that the Government – through the Bank did not put pressure on the banks to lower the Libor Rate as well? Just heard that Diamond has resigned – now he is totally free to tell the Parliamentary Committee EXACTLY what went on and what he thinks. I can`t wait – I bet some people in Westminster and at the BoE are trembling in their shoes…. Barclays is now like a rudderless oil tanker heading for the rocks – when it hits the oil slick is more likely to smear some MPs than Bob and his traders who might just have been doing what they were told to do? we will see.
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