Response To: Diamond hits back over Libor

Any enquiry driven by politicians will not be seen as honest, for one the BOE is in the back pocket of politicians irrespective of the so called independence and for two. Who's to say the Con/Lib politicians aren't as corrupt as the property flipping / expense claim fiddling / I've erradicated Boom Bust (bubble blowing), cocktail party nudge nudge - wink wink "LLoyds bank purchase of Halifax" > Labour party. In fact the Cons have already proven they'll sell a bad egg as a golden egg as proven by the currency derivatives within the ring fence. Too long have politicians been wrapping banks up in cotton wool. Oh and for the "I'll hit 2% inflation target" Keynesian King, this is the final nail for a fast track BOE board shake up. What No Regulation....HA! The ones we've got are clearly bent at will. What a deceitful Mafia world we live in. They wouldn't have had to break the rules if they hit 2%, hence the reason King must go, utter failure and dishonest. So should breaking regulation have direct personal financial & criminal punishment? Is the BOE manipulating rates themselves to prop up their own interests in say Inflation Protected Gilt investments? It appears to me such a investigation needs to go deeper than a political cover up. Where's the SFO in this, are they turning a blind eye to this?

FT Article: Diamond hits back over Libor

Response To: Libor firestorm engulfs Diamond

How many times have we heard this won't happen again because regulation will save us. We NOW need something similar to Glass Steagall & Volker with the best protection from both of them enforced. Nothing watered down like the recent Conservative slip allowing crazy derivatives within the ring fence, which will be abused > JP "$9billion" Morgan style!!! I tell you the politicians are in on it, they say one thing and laugh behind our backs, or in the "derivatives in the ring fence case", in our faces. The only thing they're good at is clinking those champagne glasses at bankers buffets. I'm not afraid to say we're being run by the mafia, government has been bought and lost our confidence. 1. Financial ((MBS) Crisis, 2. PPI and STRIKE 3. LIBOR manipulation scandal. It's unfortunate that all banking staff should have their bonuses clawed back, not just the top.Reasoning behind this is the industry should pay for the mess not the tax payer. At the end of the day, pre financial crash all staff where strongly pushing loans on to people, I know staff that left banks because it was against their morals in the way they where not serving the customer but ramming loans onto them. All must pay the price with loss of bonuses, if need be for several years. This would be good as it would curtail the bandit culture.

FT Article: Libor firestorm engulfs Diamond