Barclays’ Bob Diamond—the banker who thought there had been enough “remorse and apology” for the crisis—has been toppled by a huge scandal.
Raw anger at the bankers has forced him out of his cushy £21 million a year post. Diamond’s latest swindle saw traders rig loan interest rates.
Tory minister Grant Shapps even admits it could have been a “contributory factor” to people having their homes repossessed.
This scandal goes much wider than just the Barclays bandits. It’s about the Lloyds looters, the RBS robbers and the HSBC hucksters too. And that’s not to mention the Bank of England.
At the heart of it all lies a cosy chat between Bob Diamond and the Bank about how much fiddling he could get away with.
Now he’s gone—but he will get a £20 million payoff. We’ve had it with these crooked bankers and their rich chums. The whole lot of them should be behind bars.
Jo Grady only just survived criticism of her record
Resist Tories’ repressive plans
It’s sending shockwaves through the British establishment
Escalating the action can win