I seem to have reached a tipping point, of sorts. Finally, despite my best liberal intentions, hacked off to the back teeth (if that is a real expression) with the smug, self-satisfied, patronising exploitative buggers who run this country.
The final straw are the Barclays LIBOR buggers…for whom i have a plan to be revealed later.
I suspect i am not alone. While a fair few of my online acquaintance would quite put to shame my far left acquaintance of university days, i have continually madeallowances…excuses, if you like…for the idiots in charge.
Corrupt politicians: a silly system, put in place because no-one would grasp the nettle of a decent remuneration package. Press intrusion (and criminality): a structural issue…because what the public demand by way of intersting stories just aren’t deliverable within the current framework. And the bankers, round I? An unfortunate pandering to a public that wanted loads, and couldn’t quite understand the economic distortions that were the only way to deliver an impossible prosperity.
But with each hammer blow to the pretensions of the system to be anything other than self-serving and criminal, my doubts grew. And this week…we-ell,its the combination of preachiness from the banks and the total abandonment of bopth common sense and morality that ruyns alongside. That’s what really gets my goat.
Because i’m no stranger to the higher realms of banking. Back in the dim and distant, before i exchanged my consultancy briefcase and obligatory business suit for journalistic jeans and t-shirt, i did work,atfairly high level, with almost every one of the major high st banks. (Worked, too, for most of the newspapergroups, though that’s another story).
I know how finance works:know, too, about financial systems.Security. IT.
Which makes the dismissive way that banks react when it is suggested that they haven’tgot matters quite right on issues like “name change” or data protection doubly insulting. I know enough about the background to know that many of their “security solutions” are anything but: that the formalities they demand of customers wishing to change name don’t cut the mustard when it comes to protecting identity or safeguarding banks from ID fraud. So its bad enough they aren’tintersted in listening.
Worse, too, in a way, because expertise i have in this area – which is considerable – is on offer pretty much free of charge when, were i still being rented out through one of my consultancy organisations, they’d be paying £1,000 a day plus for my time and insight.
The bottom line is: its arrogance writ large. Banks, in general, seem to have swallowed hook lineand sinker the myth that because they are banks and their customers aremere mortals, we should bow down in awe any time they intone the mantra “security, security, security”: even though, nine times out of ten,they don’tunderstand the concept themselves and don’t really understand how to achieve it.
That’s one half of the equation. Against which comes evidence of systemic corruption and criminality. The sort of disingenuous disgraceful behaviour that, were any one of us unwashed public to attempt it, would have the banks threatening legal action within seconds.
No. Its the final straw. The tipping point. I’ve been prepared to accept that the banks were PART of the issue…but in some instances, as much victim as perpetrator. Now, with the revelation that the banks themselves colluded to fix interest rates in a ways that could well have made the world recession that much worse…now, the gloves are off.
I don’tbelieve a word they say any more…and it is time they were taken down a peg or two.