To be surprised there's so little comment on MN about the Barclays scandal

[nepkoztarsasag]

Don't come here very often but was expecting to see several threads on this issue, with many comments. It's been running as the main story on all the MSM since Friday morning

The only one I could find was this.

I hope the paucity of comment/coverage isn't related to this extensive MN microsite, where the fraudsters experts at Barclays give MNetters cheerful advice about starting your own business and "money worries" (ha!).

No one was prosecuted when this crisis first started, no one will be prosecuted now. People are happier to pretend it isn't happening but it is very much one rule for them, one rule for the rest of us.

This will have caused stress and heartache amongst many but the simple fact is that no one really cares anymore. Welcome to the Western world where avarice wins every time.

I think basically we all ecxept the banks are just fuckers, and it is no surprise at all to find that this is being proven out, Barclays, Natwest, PBS - all of them....

'And I do think it's a big deal for Barclays to be exposed so flagrantly as a bunch of liars and spivs. They are a high-street presence that English people grew up with, not a distant investment bank like Goldman Sachs.'

Banker/wanker fatigue. Complete lack of surprise.
Plus I was a student in the 70s when Barclays were boycotted for their support of the Apartheid regime in SA, so I've never gone near them.

'banker/wanker fatigue'.

I thought it would be banking's Milly Dowler moment, when public outrage would topple the bastards. However, I'm not sure i entirely understand it (surely the LIBOR rate has to be agreed interbank).

Anyway, is my mortgage coming down? That's all I care about.

Same reason the country wasn't on the streets when the government handed the next 20 years of your kids' futures to the banks in 2008 - 80% don't understand, most of the remaining 20% who do understand don't think they can do anything as the bankers have the Govt under their thumb.

Thankfully teh USA will go after these epople, hopefully thatw ill shame the Britsih into doing something, however feeble.

Best thing we can do is boycott Barclays. Its been done....

When the news broke I expected to hear that it had happened recently.

It lost my interest when it was said to have happened in 2007.

Barclays can't have manipulated LIBOR alone, and if they did why didn't the Bank of England spot it?

Whatme - that is a really good idea. I am going to research moving my UK account to a building society. Have been reading more about the whole scandal today and am done with the high street banks. It may not make a jot of difference but it would make me feel better.

I was going to start a thread about which bank to move to - am currently with HSBC who have fucked me over many many times in the past 15 years and I have been too lazy to go through the hassle of their ineptness because I know transferring accounts would be made difficult and they'd "forget" to pass on details to new bank etc.

Who would be considered the most ethical of current banks/building societies? Co-Op? Nationwide? just reading this article on ideas for who to move to www.guardian.co.uk/environment/green-living-blog/2012/feb/10/ethical-bank-account

Thanks for the link Wheezos. I thought possibly Coop too or Triodos (but not sure how accessible they are?) Interested to here other views so a new thread would be good.

Good segment on the Today programme, Thurs 28 June, with Martin Taylor, a former CEO of Barclays.

news.bbc.co.uk/today/hi/today/newsid_9732000/9732819.stm

But to answer the OP: following with interest but absolutely wiped out with banker/wanker fatigue.

I also feel this fight doesn't need me: the FSA and the US regulators are over it like a rash at long bloody last, and there's plenty of yelling going on in all the right places.

We left Nationwide after terrible customer service and response to complaints. Not to mention they kept changing the t&cs of the current account - which were one of the things we liked about them in the first place.

Heard good things about the Coop though never banked with them personally, but they are in the process of buying a lot of Lloyds branches (600 odd branches), so that may change them a lot.

As for Bob Diamond. Any manager in football who says "Im not resigning" usually has their P45 filled in already. I don't think his position is tenable. People need to go to prison over this one, so ultimately the buck must stop with him, and he will go as there will be so much political pressure to restore faith in the banks.

Expect a big controversial payout though.

I'm with the Co-op and moved there from Barclays years ago. I'd recommend them.

moving to a more ethical bark is the only way to make them stop and think.If we all did they may get the message.