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Thread: Three years after RBS near-collapse and bailout, talk of potential criminal charges

  1. #1
    Politics.ie Regular
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    Three years after RBS near-collapse and bailout, talk of potential criminal charges

    Posters on this site constantly vociferously complain about the alleged tardiness of the authorities in pursuing former senior bankers here, citing vague conspiracy theories about golden circles and the like.

    Goodwin may face criminal charges over RBS accountancy failings | News | Money Marketing

    But actually the process here is far more advanced than the UK. Thus far in relation to the UK banking collapses, there have been no arrests and no charges and the only significant regulatory action taken has been two fines levied against senior managers of Northern Rock, a bank with such a dodgy and high risk strategy that it collapsed a year before our own leveraged property play operations.

    BBC News - Northern Rock former directors fined and banned by FSA

    Even the report into RBS's collapse was originally intended to be circulated on a restricted, need-to-know basis and was only made public after the media kicked up a fuss.

    Taxpayers have the right to see the RBS collapse fully investigated - Telegraph

    Inexplicably, there has been no investigation whatever into the near collapse of HBOS and the former chief executive has gone on to a glittering career in retail pharmacy, and latterly, the gambling industry.

    Andy Hornby appointed new boss of Coral | Business | The Guardian

    Of course, it is true that the Irish banking collapses have cost the Irish taxpayer much more on a per-capita basis than the UK banking collapses cost the British taxpayer, but it needs to be remembered that this is partially due to the EU's insistence that we compensate foreign banks for their bad investment decisions.

  2. #2
    Politics.ie Regular EUrJokingMeRight's Avatar
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    EU insistence??

    If I insisted that you give me 60% of your assets, would you?
    Fianna Fail - The Anti Democratic Party & The Anti Constitutional Party. Traitors of Irishmen and Irishwomen.

  3. #3
    Politics.ie Member H.R. Haldeman's Avatar
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    And poor old Fred the Shred gets stripped of his Knighthood, lolz:

    BBC News - Former RBS boss Fred Goodwin stripped of knighthood

    It seems nobody has a good word to say about this man.