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Antonio59

Listed below are comments made by Antonio59 between Wednesday, 24th December 2008 and Thursday, 25th June 2009.

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How much power for Bank of England? 09:53am on 25 Jun 2009 "So the more able regulators and supervisors - the Ronaldos of risk assessment" !!!????

Oh come on Robert - the FSA and other regulatory bodies such as the FOS and the FSCS are full of box ticking civil servants on extortionate salaries - they justify their huge salaries and their bonuses for failure by claiming they can only get the best if they pay high like any city institution. The whole system is rotten to the core and now you suggest they should have some kind of superstar status like the best footballers !! How can any of these executives justify getting paid more than the Prime Minister ?

Can we clone the Executive Mayor of Doncaster and come down to sort these over paid prima donnas. The only extra money that needs spending is for the new brooms required to sweep away the dross. Why are we spending hundreds of millions of pounds on a regulatory system that has failed.
Rescuing the economy, not banks 6:13pm on 19 Jan 2009 268. At 5:44pm on 19 Jan 2009, jrharmer wrote:
"For the past many years we have had 'Social democracy'. Under this system, to gain power politicians make promises to the electorate to protect the electorate from the vagaries of life and the electorates own mistakes."

Exactly GB - the 'saviour of the world' believes his own hype - I am just waiitng to see him on the beach stopping the tide coming in because he is the only one who can protect us from ourselves !!!

Nulabour - 12 years of lies and spin but always just a wolf in sheeps clothing !

Every time someone mentions GB - the 'saviour' of the world no less !! -- all I can think of is him in his superman outfit running alongside Delboy and Rodney as Batman and Robin !!!!
Rescuing the economy, not banks 6:02pm on 19 Jan 2009 259. At 4:42pm on 19 Jan 2009, JohnConstable wrote:

"A similar situation is also occuring with the lifeboat pension fund, in that well run profitable companies are being forced to put money into this fund to bail out the pension schemes of companies with pension deficits/gone bust."

This Nulabour Government and it's monstrous creations such as the FSA, the Financial Services Compensation Scheme (FSCS), and the 'Pension lifeboat scheme' were all created to be 'self financing' paid for solely by the remaining 'members'. These are quangos set up to supposedly protect/benefit everyone but GB gets the members to pay for it without any tax payers funds.

What happens if there are not enough companies to pay the compensations and how will those remaining companies pay for the over inflated salaries that the quangos pay out to their staff ?

The whole system is rotten to the core - Here is an example - the Chief of the Financial Services Compensation Scheme paid her self last year - £237,000 salary package per annum – a 32% rise since the previous year - more than the Prime Minister !! Can anyone explain how a person who oversees the administration of a local council or a person who oversees the payment of compensation can be paid more than the Prime Minister ??!! How many life or death decisions do these people have to make ??!!

PS. as for the person who mentioned Monopoly - maybe it needs updating to a 'Super Monopoly' which includes all of the wierd and wonderful gambling schemes these banks and financial firms have been using - it's all just smoke and mirrors.

Angry does not begin to describe how I feel how the whole system is going to drag us all under - overseen by a NuLabour Government totally corrupt in thought and action.
Rescuing the economy, not banks 3:50pm on 19 Jan 2009 245. At 2:56pm on 19 Jan 2009, goforit99 wrote:
"Finally why are we bothered with Banks anyway, I'm thinking about taking all my business to a nice safe building society !!!!!!!!!"

Are any of the financial firms SAFE ??

Look closely and you will find GB and AD have screwed even the most prudent of Building Societies by getting them to help to pay for the losses of Bradford and Bingley.

So the careful individuals and the careful Firms which have not over borrowed excess monies, if any, and have put money aside for a rainy day are being screwed by a Labour Government to support the banks - you wouldn't have dreamt such a scenario a few years ago before NuLab came along !!!
Rescuing the economy, not banks 3:42pm on 19 Jan 2009 242. At 2:50pm on 19 Jan 2009, weejonnie wrote

" .... private households and businesses in Britain now owe the banks 39% more in debt than actually exists in cash, bank savings and near-cash equivalents added together (August data).
So there is no way that the UK can actually pay back the loans made by the banks. - a simple way of saying that the UK is bankrupt. The only way out would be for the Government to print the 39% extra in banknotes."

This comment requires scrutinity - Just because the debt exceeds the cash by 39% surely does not mean the UK cannot pay back the loans.

Real wealth has in the past been created and will likely be created in the future to help pay off the debt.

As far as most of the Directors/accountants of most of the banks -
All of the accounts and trading statements produced by most of the banks over the years are turning out to be pure fiction to allow the bonuses to be paid.
Rescuing the economy, not banks 1:21pm on 19 Jan 2009 102. At 11:41am on 19 Jan 2009, caslad63 wrote:
If Mr Brown was Premiership Manager, he would have had the sack ages ago, or, at least done the decent thing and "walked "

and the crowd was chanting "sack the board" or "you don't know what you are doing" !!
The cost of bringing banks home 10:03am on 14 Jan 2009 25. At 09:39am on 14 Jan 2009, UK-SILENT-MAJORITY wrote:

" ... with all due respect, what are cabinet ministers doing in their jobs if Brown is having to recruit outside the party.

This highlights the inability of highly paid Labour MP's to do their jobs so what are they doing?"

Ultimately the electorate were seduced in to electing the MPs - the majority of MPs from all parties could not not hold down a real job. A very well paid meal ticket while you are a MP and for 5 years after !!
Vulnerable small firms 10:45am on 13 Jan 2009 Robert says
"Tesco ...... has a massive and fantastically strong balance sheet - so it is not constrained by the shortage of credit that's mullering smaller businesses."

and

"What should worry us however is that many fundamentally sound companies may fail, simply because some international banks have massively reduced their presence in the UK corporate-lending market and British banks have perhaps become excessively averse to taking risks."

Robert, you excuse these firms which simply fail because those evil banks will not lend to them while at the same time congratulate TESCO for their prudent balance sheet. You are helping the failures to enter the great Gordon Brown pastime of blaming any one except themselves !!

The truth of the matter is the firms which fail have only themselves to blame for not having strong balance sheets which would give the confidence to their bank managers to help them.

The firms that fail have no proper contingency planning - would you go out in a boat without a life jacket even if a storm was not forecast ?
Bull in a china shop 11:29am on 05 Jan 2009 "Bull in a china shop"

....and I thought this was going to be a full and frank article about Gordon Brown's hopeless attempt at being PM, while still being the real Chancellor, working his puppet Alistair !!

Well at least he's "saving the world including the USA (mustn't forget to mention the USA as many times as possible !!)
We are the banks 09:54am on 24 Dec 2008 5. At 09:23am on 24 Dec 2008, mar39241 wrote:
"Just a small reminder to Mr. Brown. There is no such thing as an exceptional individual, just someone in the right place at the right time and more often than not a little bit of help from family and friends. There are many many folks capable of doing the same job for much lower pay."

I totally agree - their are many people so wrapped up in their own self importance they expect to be paid huge amounts of salary and then get in a position where they can either influence their pay assessment or just give themselves the pay rises. They are probably right to think their job is more important than e.g. a footballer, but they are wrong to think they autumatically should get paid huge amounts of money.

The whole system is totally out of control
because it's easy to spend other peoples money - If organisations were run by people spending their own money they would be more careful about paying it out.

Here is a couple of examples :-
1. Chief executives of County Councils who get paid more than the Prime Minister.

2. The Chief of the Financial Services Compensation Scheme has paid her self ?? - £237,000 salary package per annum – a 32% rise since the previous year - more than the Prime Minister !!

Can anyone explain how a person who oversees the administration of a local council or a person who oversees the payment of compensation can be paid more than the Prime Minister ??!! How many life or death decisions do these people have to make ??!!

Good if you can get it ??!!

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