The news that Bob Diamond has resigned from Barclays was breaking news on Today this morning. The euphoria in John Humphrys voice was almost touching. Shortly afterwards the Chancellor was interviewed and the thrust of Humphrys questioning was whether Osborne had personally put pressure on Diamond to go. Osborne rightly pointed out that it is not the business of Government to tell a private company who it should employ, to the obvious annoyance of Humphrys! I thought Osborne did OK and his reference to Ed Balls “being in the dock” was met with studied silence!
ROUGH DIAMOND
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Yes, we can expect the BBC-NUJ, Peston, Flanders, ‘Today’, ‘Newsnight’, etc to censor/ignore/relegate the LabourParty’s responsibility for banking policy during the deceits from 2004-2009.
Radio 5 Year 7 went into full Pont de L’Alma tunnel mode this morning. Gameshow and his fellow corpsers in hushed and breathless tones,
‘If you’re just waking up…’
‘Let me repeat, Bob Diamond has resigned with immediate effectandyverrity’
‘And on the wires the news that…’
‘Sources close to Ed Miliband have said …’ (oooh secret squirrels)
On and on and on.
The droids have no interest in, or the intellectual capacity to cope with, ‘finance’ (at least not until their pension funds are shifted to defined contribution) so they are only interested in this from the GREEDY BANKERS !!!!! angle, which is right up there with their obsession with LEVESON !!!!! and TORICUTZ!!!!.
Let’s face it 99.99% of the country have no clue who Bob Diamond is, and neither do they care.
In the same way that you could go into any Kentucky Fried Chicken queue in the country and find someone with more insight on politics/ economics/ society than Owen Shoutie, you could go into any Year 7 class and find kids who could do a better job of running a quote unquote newsroom than the wee boys and girls who pretend they run Radio 5 Live’s newsroom.
1. Embarrassing
2. We pay for it.
Seems we were thinking the same thing at the same time. You beat me to it:)
Seems there are ‘calls’ from ‘people’ for a Leveson-style inquiry.
Well, after the attrition of that effort and all it managed, the fact that the media today only took about an hour to have me switching off the TV as they chased their tales on what wasn’t known, and drafted in provenance-light green room goons to fill some air space with pointless political point scoring attempts, all suggests that they may struggle to interest many beyond their silly little tribal bubbles. Again.
The ethical and moral standing of our political and business ‘leaders’ may again have notched a further rung lower than any could have though possible, but the partiality of so-called objective ‘reporters’ jockeying to support their favoured self-interest candidates has blown their credibility even further too.
Nick Robinson is now a joke figure. The Today team may as well simply rebrand as ‘The party we want back tomorrow’.
And, as always, no matter what, the public pays.
Well of course they want a judicial enquiry.
They were in power when all this was going on.
They appointed or promoted most of the current crop of judges.
They calculate that there best hope of being absolved of any responsibility is a judicial enquiry – with a suitable judge of course.
The BBC, having no doubt been briefed, will push for this.
http://www.dailymail.co.uk/news/article-2167940/Now-Labour-dragged-bank-rate-scandal-leaked-documents-Browns-baroness-proposed-scheme-drive-rates.html
Who’d have thunk it?
Headline story at News at One?
Perhaps not.
AGIUS: unsuitable for Barclays, but suitable as BBC Director!
‘Daily Mail’, excerpt:
“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.’ ”
Read more: http://www.dailymail.co.uk/news/article-2167963/Im-sorry-angry–dont-blame-says-Diamond-letter-Barclays-staff.html#ixzz1zYFvpV19
Clearly, a broadcasting organisation of high moral principles, and influenced by licencepayer opinion, would discharge Agius immediately.
Humphrys was beyond indignant that Agius is to hang around as Barclay’s chairman to appoint a new CEO. Until someone (Osborne? Peston?) pointed out that Agius had not resigned “with immediate effect” and only calendarised his move for after the next Barclays AGM.
I happen to agree that the spectacle of Agius (a “senior independent director” of the BBC and thus credit to Humphrys for, at least, not being afraid to name this particular name) hanging round Barclays for this purpose is quite disgusting, it’s not Humphrys’ role to express indignation (or approbation) on my behalf. It’s his role to expose the reality at the heart of the banking storm. That this reality might probably include the wholesale corruption of the political and banking elites will fire his audience’s indignation and disgust.
Unfortunately, since the outfit that employs Humphrys is as corrupt and self-interested as any person or institution being “exposed” in this drama Humphrys, as usual with BBC “journalists”, concentrates his fire on the targets of opportunity rather than the substantial targets which he is complicit in obscuring.
Talking of things financial, here is a writing style you will never see from bBC. http://www.thecommentator.com/article/1371/time_for_an_economic_nuremberg_for_labour_
We all know that a PROPER enquiry will finger King, the FSA, Balls and Brown. That is why Balls looked like he was swallowing a condom during the Parliament announcement, seeing his career die.
Not sure why, but Labour think they will have a better chance with a ‘judicial’ enquiry rather than a ‘parliamentary’ enquiry, so they are pushing hard for that now, on all channels and every news bulletin of the BBBC.
Assume that you`re being ironic here lojo!
Hutton, Leveson, Scarman, Phillips,…need I go on?
These judges are left liberal toadies to a man/woman these days…at least the likes of Denning were independent of the Government…for good as well as for bad.
These were not `uman rights quislings supping out of Cherie Blairs glass slippers…or Doc Martin in the case of Angela Eagle and the hatchet faced boot girls of New Libor.
Not a Supreme Court pinko amongst them back then…blame Irvine and the appalling Falconer for most of it myself.
Funny how Labour crave the likes of these Eurosops to do a Hutton for them…thought that Parliament was meant to be the higher court, and those buggers of Labour could hardly fiddle their expenses to attend could they?
Now I`M being ironic…
BBC News channel running the Bob Diamond story had someone from the “Shadow treasury team”, interviewed by the Chief Political Correspondent, Norman Smith. An unusual interviewing style which consisted of keeping stchum while the Labour MP rattled on. Is this the secret to getting a job at the Beeb – just say nowt and try to look serious.
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