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At The Back => The Dressing Room => Topic started by: MrBump on March 27, 2009, 08:38:49 AM

Title: Londons Burning!
Post by: MrBump on March 27, 2009, 08:38:49 AM
So, given that I'm technically on of Britains hated w**kers bankers, I wonder what fate will befall me next week?  Or will all the talk of anarchy be a damp squib?

I'm not one for wearing a tie, but I'm tempted to put one on next week just for sheer devilry...

 :D

Mark.
Title: Re: Londons Burning!
Post by: AndyR on March 27, 2009, 09:09:16 AM
You work in "the city" then? I'm just up the road, the Angel end of City Road.

I noticed the "End of the world" type reporting in people's newspapers this morning - so what is this G20? I thought it was some sort of guitar-fest... obviously not :lol:

(I also hadn't realised it was "here" this time...)

I'm not in banking, but I do wear a suit, and I do travel up the "suggested flash-points" route... sigh... my Mum will be listening to the news and worrying again...

Title: Re: Londons Burning!
Post by: MrBump on March 27, 2009, 09:23:15 AM
Worked in the City for years, now I'm a Canary Wharfer! I suspect the crustys will make it over this way...

Fine by me, I'm all in favour of democratic protest.  But the media hype has been very aggressive this time...

I blame the Daily Mail.

For everything, pretty much...

Mark.
Title: Re: Londons Burning!
Post by: Philosoful on March 27, 2009, 09:37:24 AM
and that's why I shall never buy Newspapers so long as they stay how they are - full of bad news and exagerated claims and trivial side stories like the endless Jade G front page prints. It's the people buying them who keep it going though...
Title: Re: Londons Burning!
Post by: Dmoney on March 27, 2009, 11:03:47 AM
im no crusty type... and i hope you're not lumping everyone who is angry into that group.
im glad people are getting angry, the angrier the better.

I was glad someone bricked that ex-RBS bosses windows. Obviously not everyone that works at a bank is corrupt.
I think there are a number of factors right now all contributing to the climate. I'm sure i heard somewhere that MP's want to get rid of expenses and increase their wage, and the ball has begun rolling to do so, but it will only be after the next election that it really comes to light. can you imagine MP's increasing their wages right now?

did anyone watch Question Time last night? It was funny.


Title: Re: Londons Burning!
Post by: MrBump on March 27, 2009, 11:31:42 AM
im no crusty type... and i hope you're not lumping everyone who is angry into that group.
im glad people are getting angry, the angrier the better.

I was glad someone bricked that ex-RBS bosses windows. Obviously not everyone that works at a bank is corrupt.
I think there are a number of factors right now all contributing to the climate. I'm sure i heard somewhere that MP's want to get rid of expenses and increase their wage, and the ball has begun rolling to do so, but it will only be after the next election that it really comes to light. can you imagine MP's increasing their wages right now?

did anyone watch Question Time last night? It was funny.




Yeah, I watched Question Time.

And I DON'T in any way agree with the attack on Fred Goodwin.  Nor do I agree with demonising him in the press.  In other market conditions Goodwin would have been hailed as a financial genius for an aggressive take over of ABN Amro.  At the worst, it was a mis calculation, which I'm sure doesn't sit well with people.

I get things wrong all the time at work.  I wouldn't want anyone to try to take away my pension because of it...

Mark.

NB - no, I don't classify all protesters as "crusty", I was just being flipant, as is my way.
Title: Re: Londons Burning!
Post by: Oli on March 27, 2009, 12:22:52 PM
I'll be in the area of conflict on wednesday- it's on my walk to uni, so it should be an interesting journey :)
Title: Re: Londons Burning!
Post by: Dmoney on March 27, 2009, 12:29:36 PM
being flippant is fine.

He WAS heralded as some super banker wasn't he, prior to the banks collapse and the investigation into the circumstances surrounding that? Although, and im not sure about this, if the bank has been propped up with tax payers money, does that mean the 2.5million tax free lump sum, plus his almost quarter of million pound a year pension for life come out of that money?

Even that select committee didn't think he should have got all that. I remember the question of 'expensive back scratching' or 'general incompetence' came up when the pension issue was discussed with the person who was responsible for watching what was going on financially at the bank after the bailout.

besides, its one persons massive pension. there are probably millions of people now who've had their pensions ruined recently, so there are bunch of people looking foward to later and later retirement followed by rotting out after loosing everything they put aside.

what is your take on the governor of the bank of england not following gordon browns line? from what ive heard it seems sensible.

im actually trying to sort out my money now, but i have no idea if its even worth bothering. I bank with RBS and i don't know if i can trust what anyone tells me regarding saving right now.
Title: Re: Londons Burning!
Post by: Johnny Mac on March 27, 2009, 12:33:25 PM
I might go and watch, it might good fun!  :lol:
Title: Re: Londons Burning!
Post by: Dmoney on March 27, 2009, 12:35:27 PM
I might go and watch, it might good fun!  :lol:


agreed!
i might join in.
Title: Re: Londons Burning!
Post by: FELINEGUITARS on March 27, 2009, 12:44:29 PM
If anyone else messed up so catastrophically at work they would be sacked without remuneration.

Considering how the banks have c--ked things up there should be NO talk of bonuses - they should be glad to still have jobs (those that weren't let go)

I fear the only reason he bonuses and golden handshakes have remained is because the government ministers are in bed with all the fatcats - and an issue like boardroom pay is one that they dont really want to reign in.

Why has the G20 been so widely reported

Is it because the papers dont have any celeb gossip this week
or
because the government would actually like a bit of civil unrest so it can call a stste of emergency and roll back a few more civil liberties under the guise of terrorism prevention or suchlike
Title: Re: Londons Burning!
Post by: MrBump on March 27, 2009, 12:45:12 PM
I'm no expert.

Goodwin got an obscene amount of money as a pension and payoff, but they were the rules that everyone was playing by.  I don't think that it's right for the popular press to then turn on the man and cry "foul".

Personally I think that both the government and the FSA were caught napping by this and when the arse fell out of the world they wanted to start blaming people.  Ultimately lack of regulation (or regulation with teeth) made matters worse.

Bankers will do what they're paid well to do.  It's like this TAX thing at BarCap - loads of people bitching that the company had a whole department set up for TAX avoidence.

DUH!!!

Of course it bloody did, it's a bank!!!  It's what they do - manipulate money to the best of their and their clients advantage!!!  I suspect that if Barclays wasn't running this scheme it would be in a far worse position financially, and would probably need us, the TAX payer, to bail it out!!!

Right.  Off to get dreads in my hair, and put on my combats.

Mark.
Title: Re: Londons Burning!
Post by: Jonny on March 27, 2009, 12:48:49 PM
It's quite irritating that the banks give out bonuses. Is there really no way from telling them not to rather than just slapping their wrists?

To keep with the analogy, I'd cut their wrists off..
Title: Re: Londons Burning!
Post by: Dmoney on March 27, 2009, 12:55:46 PM
If anyone else messed up so catastrophically at work they would be sacked without remuneration.

Considering how the banks have c--ked things up there should be NO talk of bonuses - they should be glad to still have jobs (those that weren't let go)

I fear the only reason he bonuses and golden handshakes have remained is because the government ministers are in bed with all the fatcats - and an issue like boardroom pay is one that they dont really want to reign in.

Why has the G20 been so widely reported

Is it because the papers dont have any celeb gossip this week
or
because the government would actually like a bit of civil unrest so it can call a stste of emergency and roll back a few more civil liberties under the guise of terrorism prevention or suchlike


agreed.
i like the whole myspace and facebook messages need to be monitored and kept for anti-terrorist purposes, and the legislation attempting to make photographing police illegal. i wish everyone would protest when they got angry, then nobody would go around thinking its just people who dont wash, listen to discharge, and ride fixed gear bikes that care.



Title: Re: Londons Burning!
Post by: blue on March 27, 2009, 01:13:17 PM
we do seem to be wandering into a 1984 style police state.  the uk has more surveillance camera's per head of population than any other country in the world.  the biggest dna database in the world, and the government wants to put us all on it.  they're bringing in id cards, and trying to make it out like it's a great thing! i saw samething where they had some youngsters all excited because they might get their shiny biometric id cards before anyone else.  they want to keep details of every phone call, text message and e-mail, and now they want to keep details of everything we do online.  not just the social etworking thing, they also want to know what sites we've visited and searches we've made.  privacy will no longer be an option, the age of the individual will be a thing of the past.

and when i mention this to pretty much anyone i know?  if you've nothing to hide, what are you worrying about?

another one i just remembered: they've slipped in legislation about what constitutes pornography, or offensive material.  and it's very vague! basically, if a policeman, judge, or other "concerned citizen" decides they don't like something, they can prosecute you and have you jailed.  there is no exact definition of what is illegal, it's basically up to someone to arbitrarily decide what they think is illegal.  like a bit of bondage? s&m?  you're a deviant, off to jail with you!

and don't forget, you're not allowed to criticise any religions now.

bye bye free speech, it was nice knowing you xo
Title: Re: Londons Burning!
Post by: MrBump on March 27, 2009, 01:20:51 PM
Yep, definitely an errosion of liberty.  The anti-terror legislation alone seems to give police carte blanch to do whatever the hell they like...
Title: Re: Londons Burning!
Post by: Jonny on March 27, 2009, 01:24:57 PM
Christ this place is shite :roll:
Title: Re: Londons Burning!
Post by: Dmoney on March 27, 2009, 01:30:04 PM
my band is called dirty money, and i joined a band that used to be called recession...
before all this happened!

oh the irony
Title: Re: Londons Burning!
Post by: Elliot on March 27, 2009, 03:06:11 PM
The most alarming thing I have heard is Harriet Harman's 'Court of Public Opinion' statement - and the threat of retrospective legislation to stop Fred Godwin's pension.  Of course, all the lefties loved that bit of empty rhetoric but no-one considered that if you deprive a rich man of his contractual pension rights today the government will use that precedent later to deprive you of your liberties.  And who determines 'Public Opinion'?  Rupert Murdoch and the Daily Mail seems to be the likely candidates.

Blaming bankers for the economic downturn is like blaming sweet shops for obesity - there is a causal connection but its a bit of an oversimplification .  No one was complaining when they had 0% interest for 9 months credit cards to buy their trinkets, or when they were making a profit buying and selling properties on 100% mortgages.  Now they 'were enticed to take out loans they could not afford'.  Its like pushers and junkies - one needs the other to survive.
Title: Re: Londons Burning!
Post by: Elliot on March 27, 2009, 03:12:50 PM
Still a little bit of argy bargy in the City between crusties and cops is always good to stimulate things - it certainly provides pictures for use on punk cd covers..... :D
Title: Re: Londons Burning!
Post by: dave_mc on March 27, 2009, 06:25:14 PM
If anyone else messed up so catastrophically at work they would be sacked without remuneration.

Considering how the banks have c--ked things up there should be NO talk of bonuses - they should be glad to still have jobs (those that weren't let go)

I fear the only reason he bonuses and golden handshakes have remained is because the government ministers are in bed with all the fatcats - and an issue like boardroom pay is one that they dont really want to reign in.

Why has the G20 been so widely reported

Is it because the papers dont have any celeb gossip this week
or
because the government would actually like a bit of civil unrest so it can call a stste of emergency and roll back a few more civil liberties under the guise of terrorism prevention or suchlike


+1 (and i'd add that a lot of the govt ministers probably want a job with the banks when they get voted out).

i'm well aware that goodwin is probably being made the scapegoat (i.e. plenty of others were also to blame), but he's to blame too. i don't agree with the attack (apart from anything, it's not worth it, as they'll probably get caught by the same police/govt who claim not to be able to do anything about goodwin :roll: ), but, er, yeah. if he's a wee bit scared for a while, as long as he doesn't come to any actual harm, it serves him right.
Title: Re: Londons Burning!
Post by: 38thBeatle on March 27, 2009, 06:59:34 PM
I wish I knew then what I know now. I could have worked for RBS and made a far bigger mess of things for half the pension.
I do not trust Governments one bit in collating and keeping secure data. I hate this thing where we have to be watched in everything we do. Oh an in respect of a comment made earlier, yes the MPs are looking to increase their salaries by £40k per year.

As for newspapers, I don't read them any more-haven't for over 20 years. I detest the Mail but also the  Guardian- they are two sides of the same coin as far as I am concerned. No the only reliable source of truth, as we all know, is the t'interweb
Title: Re: Londons Burning!
Post by: Elliot on March 27, 2009, 07:18:16 PM
I would be happy for MPs to get more if they gave up their dodgy and opaque expenses system.  Although £63k is a lot of money to earn (i.e. a lot more than I earn) it isn't a salary that is all that hard to get to for an educated person and if you want MPs to do their job full time without the fiddling you probably do have to pay them a bit more than that.
Title: Re: Londons Burning!
Post by: dave_mc on March 27, 2009, 07:59:20 PM
Although £63k is a lot of money to earn (i.e. a lot more than I earn) it isn't a salary that is all that hard to get to for an educated person and if you want MPs to do their job full time without the fiddling you probably do have to pay them a bit more than that.

yeah, pretty much. much as it'd pain me to pay politicians more, it could be the lesser of two evils. though on the other hand, if they're only there for what they can gip, if you pay them more they might still be out to feather their own nests...

I wish I knew then what I know now. I could have worked for RBS and made a far bigger mess of things for half the pension.

:lol:
Title: Re: Londons Burning!
Post by: Dmoney on March 27, 2009, 08:08:54 PM
start shoplifting.

crimes against wealth are always taken more seriously than other sh*t. I had a friend who was murdered by 3 kids, one got 6 years, 2 of em got 3. They beat him to death in the street and a stole his bike.

Now, i've read stories of people who do graffitti, gettings their houses raided, and getting thrown in jail for the same amount of time....seriously! international manhunts too! But hey, banksy is cool, he makes money, lets not think what he does is a crime, even though its the same basic thing any other writer does; paint on a wall. which apparently is equal to taking a life, in the eyes of the law.

Title: Re: Londons Burning!
Post by: Will on March 27, 2009, 09:22:35 PM
I would be happy for MPs to get more if they gave up their dodgy and opaque expenses system.  Although £63k is a lot of money to earn (i.e. a lot more than I earn) it isn't a salary that is all that hard to get to for an educated person and if you want MPs to do their job full time without the fiddling you probably do have to pay them a bit more than that.

+1 it sounds like a huge hike, but they can claim for just about everything. Its disgusting as it is, atleast it could be regulated and hopefully open.

You then get onto the question of whether politics should be a paid role at all (ideally, it would not so that the people will honestly represent and do their job) but then the only people that can afford that would be (traditionally) the Lords or wealthy
Title: Re: Londons Burning!
Post by: Dmoney on March 27, 2009, 09:59:33 PM

Quote
You then get onto the question of whether politics should be a paid role at all (ideally, it would not so that the people will honestly represent and do their job) but then the only people that can afford that would be (traditionally) the Lords or wealthy

exactly, they need a wage. I feel like politics is so corrupt only the most corrupt get anywhere.
Title: Re: Londons Burning!
Post by: Elliot on March 27, 2009, 10:07:14 PM
The trouble is politicians will give themselves a massive hike in pay AND keep their off book perks.  Parliament will not vote against its own interests and power.
Title: Re: Londons Burning!
Post by: Will on March 28, 2009, 09:43:40 AM
I should also add, my politics class of last year ALL agreed that politicians should be paid in excess of £150 000 and keep expenses. (I did not get on with that crowd)
Their reasoning: that they could be earning that money in other high city jobs easily.
Title: Re: Londons Burning!
Post by: Philly Q on March 28, 2009, 10:49:57 AM
I should also add, my politics class of last year ALL agreed that politicians should be paid in excess of £150 000 and keep expenses. (I did not get on with that crowd)
Their reasoning: that they could be earning that money in other high city jobs easily.

There's some sense in that, unfortunately.  Politics shouldn't be something that people go into for the money, but at the same time it shouldn't be like doing voluntary work, or the country would be run by some kind of crazy extremists or, at best, a bunch of idealistic hippies (which might be good, in some ways, for about six months...). 

As it is now, we have this awkward system where politicians aren't badly paid - they're well paid compared to you and I, but then it's a very difficult job with enormous responsibility (if they take it seriously).  But at the same time their salaries are absolutely piddling compared with City workers - the BIG difference being the bonuses.  So instead the politicians play the system and get every perk and allowance they possibly can.  A bigger salary plus justifiable expenses (minus all the dodgy housing allowances) might be better.

I think another problem with the top politicians today is that they're all career politicians.  In the past people tended to go into politics after a career in industry, business, landowning or farming - so yes, most of them were posh, but they still had experience of dealing with real people and real problems in the real world (like Vince Cable, the only politico who seems to be talking sense about the economy).  Nowadays they get out of Oxford or Cambridge, get their legal qualifications or whatever, but then go immediately into a career as a junior-under-secretary's-third-assistant and work their way up from there.  So they don't appreciate the realities of the health service, public transport, cr@ppy schools or the finance sector because they've never had to deal with it - and they end up interpreting "success" in terms of mere statistics.
Title: Re: Londons Burning!
Post by: Johnny Mac on March 28, 2009, 11:18:24 AM
Still a little bit of argy bargy in the City between crusties and cops is always good to stimulate things - it certainly provides pictures for use on punk cd covers..... :D

 :lol: :lol:

Title: Re: Londons Burning!
Post by: Will on March 28, 2009, 11:26:34 AM
I think another problem with the top politicians today is that they're all career politicians.  In the past people tended to go into politics after a career in industry, business, landowning or farming - so yes, most of them were posh, but they still had experience of dealing with real people and real problems in the real world
My Brother suggested I try politics :lol:
I don't think parliament would enjoy my humour.
Title: Re: Londons Burning!
Post by: Johnny Mac on March 28, 2009, 11:27:13 AM
Has anyone seen this yet its into 1.4 million hits already.

http://www.youtube.com/watch?v=94lW6Y4tBXs (http://www.youtube.com/watch?v=94lW6Y4tBXs)

Title: Re: Londons Burning!
Post by: Philosoful on April 03, 2009, 08:55:27 AM
I'll be in the area of conflict on wednesday- it's on my walk to uni, so it should be an interesting journey :)

I was sitting on top of a bus-shelter playing Ukulele watching the crowds, good times! :lol:
Title: Re: Londons Burning!
Post by: MrBump on April 03, 2009, 09:18:05 AM
All was quiet at Canary Wharf.  Looked manic around Bank though.

Mark.
Title: Re: Londons Burning!
Post by: Stevepage on April 03, 2009, 11:51:09 AM
Has anyone seen this yet its into 1.4 million hits already.

http://www.youtube.com/watch?v=94lW6Y4tBXs (http://www.youtube.com/watch?v=94lW6Y4tBXs)



Thank god some one there has some sense. Gordon Brown makes me sick, even in that video he was laughing it off and probably drawing on his pad. He needs to go.
Title: Re: Londons Burning!
Post by: Philosoful on April 03, 2009, 12:07:08 PM
S'nothing quite like running around the Climate Camp playing Ukulele with a pocket Marshall :lol:
(http://photos-h.ak.fbcdn.net/photos-ak-snc1/v2739/112/85/506112122/n506112122_1714911_7910331.jpg)
(http://photos-c.ak.fbcdn.net/photos-ak-snc1/v2739/112/85/506112122/n506112122_1714914_5459816.jpg)
Title: Re: Londons Burning!
Post by: ToneMonkey on April 03, 2009, 12:20:30 PM
and when i mention this to pretty much anyone i know?  if you've nothing to hide, what are you worrying about?

I've got things to hide, so they can all fook off  :lol:

Personally on the bankers thing, I think that generally they were all just working within the rules and systems that existed.  The whole systems flawed, not just the bankers.  Syaing that though, I think that a few years ago this was all foreseeable.  You can't have an econamy following the housing market (that's all a bit arse about face) and how the hell anyone thought that a model based on debt would be sustainable is beyond me.

As for the climate camp, I'd better not say who I work for.  We get a lot of protesters outside (and ocassionally inside chaining themselves to desks).  Makes me fell a bit bad when I see them and they look at me like I ate the last bit of their tofu and compost sandwich.  I might wear a suit and work for an energy company, but I'm a hardend eco-crusty.
Title: Re: Londons Burning!
Post by: Stevepage on April 03, 2009, 12:22:58 PM
What's this I hear about Gordon Brown announcing a New World Order? I've been looking into it but can't come to a conclusion. What exactly is he proposing?
Title: Re: Londons Burning!
Post by: Philosoful on April 03, 2009, 12:38:19 PM
and when i mention this to pretty much anyone i know?  if you've nothing to hide, what are you worrying about?

I've got things to hide, so they can all fook off  :lol:

Personally on the bankers thing, I think that generally they were all just working within the rules and systems that existed.  The whole systems flawed, not just the bankers.  Syaing that though, I think that a few years ago this was all foreseeable.  You can't have an econamy following the housing market (that's all a bit arse about face) and how the hell anyone thought that a model based on debt would be sustainable is beyond me.

As for the climate camp, I'd better not say who I work for.  We get a lot of protesters outside (and ocassionally inside chaining themselves to desks).  Makes me fell a bit bad when I see them and they look at me like I ate the last bit of their tofu and compost sandwich.  I might wear a suit and work for an energy company, but I'm a hardend eco-crusty.

Spot on. I went there for the 'bigger picture', not to scorn everyone as though they are individually responsible, and, as you can see, it was a wonderful day out.

I despise how biased the media was though, showing those morons smashing the windows, other than that and the police being quite over-aggressive everyone there was so friendly/peaceful in what I saw.
Title: Re: Londons Burning!
Post by: JDC on April 03, 2009, 02:22:57 PM
personally I don't blame the bankers, I think I understand how they think and they'll try and make money out of anything, they also add a lot more to economic growth than I do which improves our quality of life, our deregulation was a response to America's deregulation in order to stay competitive in the financial markets in my opinion

the guy in that youtube clip says we haven't been paying off national debt, yes it's got bigger as a number, but until recently over the years it was becoming a smaller percent of GDP, how this relates to other countries I don't know, but national debt always goes up in a recession

I'd be more worried about national debt if I lived in Italy
Title: Re: Londons Burning!
Post by: ToneMonkey on April 03, 2009, 02:33:35 PM
Makes you wonder who we're in debt to though doesn't it.
Title: Re: Londons Burning!
Post by: JDC on April 04, 2009, 04:37:42 AM
Makes you wonder who we're in debt to though doesn't it.

the bank of england just prints more money, the thing is if you don't pay it back, you get inflation problems
Title: Re: Londons Burning!
Post by: SG Thrasher on April 04, 2009, 12:56:10 PM

(http://photos-h.ak.fbcdn.net/photos-ak-snc1/v2739/112/85/506112122/n506112122_1714911_7910331.jpg)
(http://photos-c.ak.fbcdn.net/photos-ak-snc1/v2739/112/85/506112122/n506112122_1714914_5459816.jpg)

(http://i256.photobucket.com/albums/hh192/mikegren4b/cartman-2.png)
Time to break out the Slayer.
Title: Re: Londons Burning!
Post by: Will on April 04, 2009, 01:10:28 PM
:lol: