Banks have a social consience

Lorcan 17 · 09-09-2009 6:15pm #1

According to Mr Michael Soden . There into all kinds of charity work and giving to deserving causes . Really laughed when I heard it but given the fact that our previous leader called himself a socialist its probably more an indication of the twilight world these people live in .

Fulton Crown · 10-09-2009 7:20am

Look friend..banks only do things to further their own objectives and where there is something in it for them.

They want to be in good standing with the business community so they put on the "Good Corporate citizen" act and are seen to support local/national charities as it supports this objective.

The have no more a social concience than my neighbours cat !.

They are motivated only by greed and avarice and will, without hesitation screw all an sundry to achieve and maximise profits.

This poster has no freekin sympathy for any of them...

lostexpectation · 10-09-2009 9:41am

bankwash

kmick · 10-09-2009 9:44am

Banks answer to their shareholders. That is all.

RealityCheck · 10-09-2009 9:51am

Lorcan 17 wrote: »

According to Mr Michael Soden . There into all kinds of charity work and giving to deserving causes . Really laughed when I heard it but given the fact that our previous leader called himself a socialist its probably more an indication of the twilight world these people live in .

Socialism and capitalism are polar opposites alright! Although it does'nt stop capitalists from claiming to be socialists just to further their own agendas. Its called Social Capitalism

.

10-09-2009 12:40pm

RealityCheck wrote: »

it does'nt stop capitalists from claiming to be socialists just to further their own agendas. Its called Social Capitalism .

It's called the Labour Party...

Liam Byrne · 10-09-2009 12:56pm

RealityCheck wrote: »

Socialism and capitalism are polar opposites alright! Although it does'nt stop capitalists from claiming to be socialists just to further their own agendas. Its called Social Capitalism .

Sure didn't Bertie claim to be a socialist at some stage ?

Guess that's what happens when rich people share their money with him for no reason!

thebman · 10-09-2009 2:44pm

lol yeah the old marketing department at work again. Maybe they'll realise we don't buy it one day. That would a be a pity for the local football club though.

jmayo · 10-09-2009 4:47pm

kmick wrote: »

Banks answer to their shareholders. That is all.

In the case of Anglo this could be strongly argued as untrue :rolleyes:

lostexpectation · 10-09-2009 5:38pm

jmayo wrote: »

In the case of Anglo this could be strongly argued as untrue :rolleyes:

and irish nationwide, fingletons play thing

Fulton Crown · 11-09-2009 7:37am

lostexpectation wrote: »

and irish nationwide, fingletons play thing

Ah ! The former mayo man of the year ?

Anybody know did he pony up the millon squids..where is that one at ??

lostexpectation · 11-09-2009 4:48pm

im still interestd in the rumour that he was the money man in the church abuse immunity deal

meathstevie · 12-09-2009 11:22am

Banks have a social conscience just as much as the devil goes to mass.

Sleipnir · 12-09-2009 11:25am

Fulton Crown wrote: »

Ah ! The former mayo man of the year ?

Anybody know did he pony up the millon squids..where is that one at ??

He did in his arse. I'm sure he was given the same advice as every politician who has been caught with his hand in the cookie jar;
"Just keep quiet, say nothing, keep a low profile and they'll all forget about it"

Fulton Crown · 12-09-2009 8:14pm

Sleipnir wrote: »

He did in his arse. I'm sure he was given the same advice as every politician who has been caught with his hand in the cookie jar;
"Just keep quiet, say nothing, keep a low profile and they'll all forget about it"

Hmmm....don't think they will forget about a million greens.....but then wheels within wheels, nods and winks...old favours called in....uh they probably will.

Fingo was a "Tent" man wasn't he ?

stepbar · 12-09-2009 10:12pm

Staff in Banks have a social conscience and clearly because of the money raised year in year out for good causes. Banks in general.... well it's a bit of a grey area to say the least.

Fulton Crown · 13-09-2009 7:29pm

stepbar wrote: »

Staff in Banks have a social conscience and clearly because of the money raised year in year out for good causes. Banks in general.... well it's a bit of a grey area to say the least.

No my friend..it's not a grey area..not even a bit of a dark grey one.

Not even a navy one I am sorry to say.....Banks have no social concience and only one colour ......the colour of money.

Nodin · 13-09-2009 8:48pm

Fulton Crown wrote: »

Ah ! The former mayo man of the year ?

Anybody know did he pony up the millon squids..where is that one at ??

Nope. The million is of course small fry to the 27.5 Million pension that he decided (for no reason I could guess at) to transfer out of the banks control and entirely under his own in 2007.

Theres been a number of court cases over the years regarding his running of the bank and the somewhat strange relationship between him and its board was common knowledge. Will I be alive to see an explanation of why this wasn't invested by the regulator? It should happen around the same time Ms Jolie decides to dump that Pitt scut for meself, as she's been looking for a man with a fine hairy ass and a bit of a belly on him.

Fulton Crown · 14-09-2009 7:39am

Nodin wrote: »

Nope. The million is of course small fry to the 27.5 Million pension that he decided (for no reason I could guess at) to transfer out of the banks control and entirely under his own in 2007.

Theres been a number of court cases over the years regarding his running of the bank and the somewhat strange relationship between him and its board was common knowledge. Will I be alive to see an explanation of why this wasn't invested by the regulator? It should happen around the same time Ms Jolie decides to dump that Pitt scut for meself, as she's been looking for a man with a fine hairy ass and a bit of a belly on him.

Thanks Nodser - give me a shout when it happens...might set up a little threesome eh ?

Who is keeping the heat on the Mayo man in this one..we really are dependant on the Journos and the media in general on this one.

This one was all over the news for a few days...thought the Mayo man had agreed to pony up the dosh at one stage ?

Company had to be bailed out at taxpayer expense - He gets circa €500 thousand a year pension + a bonus of €1 million - nice one !

:mad:

ei.sdraob · 14-09-2009 8:41am

Fulton Crown wrote: »

Ah ! The former mayo man of the year ?

Anybody know did he pony up the millon squids..where is that one at ??

"just resting in his bank account" no?

Nodin · 14-09-2009 9:02am

Fulton Crown wrote: »

Who is keeping the heat on the Mayo man in this one..we really are dependant on the Journos and the media in general on this one.

Theres no suggestion that he did anything illegal. Therefore there is nothing that can be done.

He did say some months ago that he would pay back the million, but has not done so. Apparently he's seeking some form of agreement before handing it over (no idea what about).

As regards the whole 'Governance' issue and the lending and investment policy of the bank, whilst it should be examined to ensure that theres no repeat, I hold out little chance of any prosecution. I doubt in fact if the legislation even exists to cover it.

Fulton Crown · 15-09-2009 6:55pm

Nodin wrote: »

Theres no suggestion that he did anything illegal. Therefore there is nothing that can be done.

He did say some months ago that he would pay back the million, but has not done so. Apparently he's seeking some form of agreement before handing it over (no idea what about).

As regards the whole 'Governance' issue and the lending and investment policy of the bank, whilst it should be examined to ensure that theres no repeat, I hold out little chance of any prosecution. I doubt in fact if the legislation even exists to cover it.

No..nothing illegal I grant you....but..and this may appear naive..how does a guy who runs a company like a personal fiefedom playing fast and loose with peoples careers and families.....get bailed out to the tune of billions by the taxpayer...who in turn is screwed to the bone and will continue to be for YEARS to come.

And end up with a million squids BONUS ! AND a pension circa half a million !!

Huh

Somebody please explain.....

Nodin · 15-09-2009 8:31pm

Fulton Crown wrote: »

No..nothing illegal I grant you....but..and this may appear naive..how does a guy who runs a company like a personal fiefedom playing fast and loose with peoples careers and families.....get bailed out to the tune of billions by the taxpayer...who in turn is screwed to the bone and will continue to be for YEARS to come.

And end up with a million squids BONUS ! AND a pension circa half a million !!

Huh

Somebody please explain.....

...because there is no stiff or unavoidable personal penalty for risk taking, or prioritisation of short term profit over more stable long term strategies. Hence the left wing sneering at the idea of the market being some sort of adventure where he who dares wins and others fall by the wayside.

The fact is that he who dares and makes a complete bags of it can walk away quite well off, thanks bunches. Whats needed is some form of extended liability, for board members/executive directors etc to act as a counter to the urge for 'smash and grab' thinking. However, I hold zero hope of this happening, not due to the complexity of the question, but the seemingly lack of will to face up to it.

Banks have a social consience

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