>You Find Four Billion, You Lose Four Billion


All stills, video and print are (c) Jason N. Parkinson 2009. All Rights Reserved.

Bankers Emergency Meeting at The Treasury

Last week, 27 July 2009, bankers were rushed into the Treasury at high speed in chauffeur-driven cars with blacked-out windows for an emergency meeting with Chancellor Alistair Darling. The burning questions on Darling’s lips – why are you not lending more and why are you not passing on the interest rate to your customers? Something I’ve been asking every time I look at my loan repayment plan.

Tuesday 4 August and the news headlines are of bankers taking £4bn in bonuses, citing “business as usual” – a stupendous slap on the back for all the great work they have done.

Bankers Emergency Meeting at The Treasury

Move ahead, Wednesday 5 August, and Lloyds have lost £4bn in the HBOS takeover, a takeover paid mostly by the UK taxpayer, part of the £500bn bailout by the UK government in November 2008.

Has anyone thought to ask the question; did the Lloyds/HBOS funds get mixed up in the City bonus bin?

All material on this blog – stills, video and print – is (c) Jason N. Parkinson 2008. All Rights Reserved.

Please contact the AUTHOR for access to any material and the extensive four-year video archive.


Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.