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10/02/2013
On GROUNDHOG day for RBS - Wednesday 6th February 2013 - when we see articles like this in the Daily Telegraph with pious quotes from Stephen Hester, CEO of RBS, evidently under the personal protection of George Osborne, Chancellor...
"and said he and Sir Philip would not be “ducking the difficult questions”. He added: “We will also ensure that wrongdoers have been punished.”
I have said recently that the reality is that no-one is listening & no-one is doing anything...
During a Guardian online Q&A, even when asked why " he wasn't in jail ?" there was No Contrition by Sir Philip Hampton, RBS Chairman...
Evidently if you are the RBS Chairman you see no evil - Hear no evil -Investigate no evil - Punish no evil - inside RBS...
Only when the USA Federal & State Prosecutors & Regulators get you do you respond - with vacuous PR spin.
SHAME ON YOU !
07/02/2013
Liar Liar Pants on Fire! - a Weakened Hester speaks - the new "c" words coming out-Criminality, Collusion & Cover Up.
Article By Ian Fraser February 6th, 2013 via his blog site
Stephen Hester in cloud cuckoo land over Libor offences
Stephen Hester — My Battle With Truth
If this is the best he can do, I think Royal Bank of Scotland chief executive Stephen Hester should consider throwing in the towel, and conceding what most people already know — that RBS, as it stands, is unmanageable. Hester (who, by the way, remains wholly in denial about the egregious wrongdoing that continues daily inside RBS’s Global Restructuring Group) talks about a “culture of selfishness and self-servedness” at the Royal Bank of Scotland. I am afraid these contorted euphemisms no longer have any credibility. What today’s reports from Department of Justice, Commodities Futures Trading Commission andFinancial Services Authority reveal is a culture of greed, corruption and brazen criminality that probably remains endemic inside RBS’s investment banking arm. If it is not properly dealt through the criminal courts — as opposed to the limp-wristed measures “an internal disciplinary process” seemingly advocated by Hester — neither RBS, nor the United Kingdom which it continues to hold to ransom, has any real hope of recovery. Well done Krishnan Guru Murthy for putting Hester on the spot.
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