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Bob Diamond, the boss of Barclays who has resigned from the embattled bank, came out fighting for his reputation on Wednesday when he appeared before a powerful committee of MPs and blamed government officials for not doing enough to stop him being a greedy, self-obsessed crook.

The high-profile and outspoken banker blamed former chancellor Gordon Brown, MPs of all parties, the Bank of England, Whitehall officials, city regulators and the weather for allowing Barclays traders under Diamond’s direct management to be so greedy that they were forced to pay themselves huge bonuses and spend it all on expensive champagne, exclusive villas and lap dancers

He also hinted that former Labour government ministers had ruthlessly ordered Barclays staff to fill their own pockets with wads of cash and wallow in disgustingly large piles of filthy lucre by manipulating exchange rates.

His words unleashed a wave of explosive revelations about the role of City watchdogs and senior Whitehall figures in forcing helpless banking executives to accept obscenely large bonuses into their personal bank accounts and giving them no choice but to buy Caribbean islands and private jets at fantastically high prices for their personal use.

The Chancellor, George Osborne pointed a finger of blame at the previous Labour government for their appalling treatment of top bankers after he accused Gordon Brown’s administration of regularly making banking executives drink numerous bottles of Bollinger champagne for lunch and drive around in expensive luxury cars.

Diamond, under pressure from the banking regulator and the governor of the Bank of England, Sir Mervyn King, decided to quit after discovering he would get over 20 million in severance pay and still be able to successfully place the blame for the wrongdoing under his management at the door of everyone else.


Related articles by Tom Pride:

Scientists Claim Tiny Sub-Atomic Traces of Ethics Discovered in Barclays

Banking Scandal – inquiry to be led by experts on corruption, lying and stealing: MPs

Government Cracks Down On Banking Scandals By Ordering Bob Diamond To Urgently Change His Surname

Lest we forget – in 2007 Cameron endorsed even less regulation of banks than Labour ……

Independent Commission – excessive banking can cause blindness

Labour ‘too reliant’ on banking community leaders for votes

Gov’ plan to reduce UK deficit – and bankers’ pay – by 100,000%

PM Blames Banking Crisis On Labour’s Prawn Offensive & Shellfish Bankers

MP urges easing of banker smacking laws

Cameron – Capping Banker’s Benefits At £26,000 An Hour “A Basic Issue of Fairness”

Money for child victims of medical negligence to go to Goldman Sachs executives instead

Government Responds To Banking Crisis By Cutting Benefits For Disabled Kids

Bank of England Warns Banks To Build Up Reserves Of Hyperbole As Eurozone Crisis Deepens

Government Agrees To Sell Off Entire Loss-Making Britain

Ed Miliband: Occupy Movement Right To Focus On Problems With Camping

Severe conditions alert for UK as cold front of austerity paralyses the country

The (Real) Definition Of Standard & Poor’s Credit Ratings…..


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