Bill Cullen on the Frontline Programme (34)
Losty: Why exactly should bank managers be prosecuted? What laws did they break?
They were the ones that signed the cheques willy nilly to people that couldn't afford to replay loans. Stress tests were not done correctly. As managers the buck stops with them.
FriendlyFeline: They were the ones that signed the cheques willy nilly to people that couldn't afford to replay loans. Stress tests were not done correctly. As managers the buck stops with them.
But what law was broken in doing that? Chances are that the most illegal transaction in loan applications is fraud from those people who exaggerated their incomes and neglected to list some outgoings so if anything these people are at fault here. In fairness banks were only going by the figures that people lied about in the first instance. Yes, banks lent more than many people generally ought to have gotten and we all agree that but people still asked for more than they knew they were entitled to be lent.
tornado778: isnt that better than doing nothing???
i think its great to have these coarses/work to do,,, better than sittting at home watching Oprah ,,
i think its great to have these coarses/work to do,,, better than sittting at home watching Oprah ,,
Thats what i said earlier
i was agreeing with youFriendlyFeline: Yep, no more than the bishops, a lot of bank managers should be sacked and prosecuted.
abolutely
Losty: But what law was broken in doing that? Chances are that the most illegal transaction in loan applications is fraud from those people who exaggerated their incomes and neglected to list some outgoings so if anything these people are at fault here. In fairness banks were only going by the figures that people lied about in the first instance. Yes, banks lent more than many people generally ought to have gotten and we all agree that but people still asked for more than they knew they were entitled to be lent.
what about yer man from n.i.b.who illegaly loaned his pals 100 million euros?blipper2000: what about yer man from n.i.b.who illegaly loaned his pals 100 million euros?
I don't know anything about that; got a link handy?
Losty: I don't know anything about that; got a link handy?
i'll get back to ya with itLosty: I don't know anything about that; got a link handy?
ah..........the golden circle of ten 
rumour has it when there names come out its gunna rock politics to the core
i don't know how to link
check wikipedia
check wikipedia
blipper2000: what about yer man from n.i.b.who illegaly loaned his pals 100 million euros?
was that a different bank?
More Threads
Wondering
It's been a long time....
Name A Book In The Bible That Begins With The First Letter Of Your Name
When you look inside your heart ? what do you truly want..
Note
How To Secure Your Gate
Isis
What Clothes Do You Feel Comfortable Wearing?
What does it mean to be a man or a woman?
"Emotions at the Crossroads"
More Threads
Report threads that break rules, are offensive, or contain fighting. Staff may not be aware of the forum abuse, and cannot do anything about it unless you tell us about it. click to report forum abuse »
If one of the comments is offensive, please report the comment instead (there is a link in each comment to report it).
If one of the comments is offensive, please report the comment instead (there is a link in each comment to report it).
Related Forums
- Wondering
- It's been a long time....
- Name A Book In The Bible That Begins With The First Letter Of Your Name
- When you look inside your heart ? what do you truly want..
- Note
- How To Secure Your Gate
- Isis
- What Clothes Do You Feel Comfortable Wearing?
- What does it mean to be a man or a woman?
- "Emotions at the Crossroads"
You dont get paid to work, u just get your dole if thats what your on, there are very few jobs and most are flooded with applicants
i think its great to have these coarses/work to do,,, better than sittting at home watching Oprah ,,