So Will It Happen?

[youngmafbog]

Or have a few rotten apples tainted the industry for good?

http://news.sky.com/story/1585483/carney-hopes-uk-will-start-to-respect-bankers

[sunny-dave]

Perhaps if the 'good bankers' had been a bit more forthcoming with evidence to jail the 'few bad apples' (few??) then there'd be a chance of rehabilitation.

As it is the culture of 'omerta' means that they are all still, quite correctly, regarded as guilty until proven innocent and should be treated with uniform suspicion and contempt.

[youngmafbog]

Thank you.

I work in a Bank and I can assure you your simplistic idea is jus that. Simplistic.

I had no knowledge of the goings on and still dont; just like th vast majority of Bank workers.

Still nice to know you consider us all guilty.

[sunny-dave]

I think Mr Carney was talking about the top brass, rather than those of you at more humble levels (unless you really are quite high up the banking tree) - my comments were likewise aimed at those in postions of power/responsibility.

I'm obviously prepared to accept that you and your day-to-day colleagues knew *** all about the criminal activities - but the concept that no-one knew what was going on and 'who dunnit' is ludicrous.

[EDDIE51]

This is aimed at the top flight of bankers,the policy makers and financiers on multi £ million salary and bonuses not local branch staff.

[Gromit]

If we are talking good reputations, then I do not think they will ever win it back. Just like Trade Unions will forever be blamed for the Winter of Disontent, the bankers will forever take the rap for the financial crisis.

Of course in both instances, they were not universally loved to begin with. The Unions had long been an obstacle to progress, and the banks had longtime ripped off companies.

Again, in both instances, the Government(s) were happy for the Unions and banks to take the blame for the mess, to hid their own dismal performance in regulating them.

[Ric.ror]

If I was a banker (say for instance Fred Goodwin) I would work for a couple of years free for a charity
He must have skills that they could use

[Gromit]

Goodwin was reckless in his acqisitions but also a little unlucky. The takeover of ABN Amro left the company seriously short of money. RBS had planned to raise money by selling a US subsiduary. Unfortunately that sale became impossible chiefly because its 3 executives were locked up for their involvement in the Enron scandal.

Had the US sale gone through, RBS might not have needed bailing out.

[janbee]

It's a few rotten apples not entire orchards !

[choux]

It matters not a single jot of what industry we speak. The whole world is full of rotten apples. I truly feel sorry for the majority who are tainted by the few. Anyone who considers the whole of an industry to be the same is not worth their salt.

[andy-hughes]

The fact remains that the 'few' rotten apples had - and used! - the power to cause untold misery for millions of people through their greed, arrogance, and stupidity.

They believed they could act with impunity - and why wouldn't they? They could, and still can!