Live Webcast Of Bob Diamond Testimony On Lieborgate

Tyler Durden's picture

UPDATE: *BARCLAYS SAYS HAS RECORDING OF DIAMOND, TUCKER CALL, SKY SAYS

We suspect the Treasury Select Committee hearing with Barclays ex-CEO Bob Diamond will have a few more fireworks than Jamie Dimon's congressional hearings. The Chairman of the committee noted "This is the most damaging scam I can recall" as the goal of the hearing is to ensure "the public know what went wrong and whether the perpetrators have been rooted out." While we will have our own fireworks on this side of the pond, we suspect the live stream below will contain more than a few as the independence of Libor remains in question.

 

Meeting details

Wednesday 4 July 2012, 2.00pm (9am ET), Wilson Room, Portcullis House

Witnesses

Bob Diamond

Commenting on the evidence session, the Chairman of the Treasury Select Committee, Andrew Tyrie MP, said:

"The Libor interest rate benchmark - crucial to transactions right across the economy and affecting millions of people - was systematically rigged over a period of years.

 

It appears that many banks were involved and Barclays were the first to own up.

 

This is the most damaging scam I can recall.

 

The reputation of Britain's financial services industry has been severely tarnished, albeit unfairly for the overwhelming majority unconnected with the scam.

 

The public's trust in banks has been even further eroded.

 

Restoring the reputational damage must begin immediately.

 

Parliament and the public need to know what went wrong and whether the perpetrators have been rooted out. We also need to be given confidence that this has been put right."

 

Live Stream Here 

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WALLST8MY8BALL's picture

Im watching this Bobby D and listening to Modest Mouse "Balme it on the Tetons" - great smashup!

GMadScientist's picture

Libor -> good news for people who love bad news.

 

midgetrannyporn's picture

Barclays has a recording, yeah, I'll bet. Here is the transcript:

 

And I think we should form a committee the enact tougher ethics standards than the already stringent regulations imposed by law...

 

HAHAHAHAHAHAHAHAH!!

sudzee's picture

Waterboarding would be appropriate here.

magpie's picture

Banker vs Banker

tony wilson's picture

this man is worth over 200 million.

for years they have said he is a genius.

the brain they called him.

it seems he has been coached using the rupert murdoch mind fog technique.

overmedicatedundersexed's picture

mr diamond;"i have alot of friends at all the regulatory agencies, fsa,sec,etc etc, I love em all I love barkleys,"

in answer to:" should bankers who commit crimes go to jail?"

this is comedy at it's finest..

digalert's picture

Ooh,

"custodial sentence for bankers"?

tony wilson's picture

          i

          i

i don't recall the that

please give me a minute.

can

can eye i make a statement

this is the humb..

this is the humblast

sorry

this is the humblest day of my rotten rothshield life.

and my nervoss

my nervous replies are based on the fer fact that i would like to enjoy the 265 million dollar fruits of my labor.

please

please mi6 don't david kelly me.

Quincy's picture

I've been watching a bit of this circus. The MPs are disgusting. Especially the Labour/Lib Dem. MPs. They were loving the city during the boom years when tax receipts were flowing into the Treasury on account of labour deregulation that allowed banks to run things they couldn't in the US. When it all blows, they're the first to point the finger at the banks. Now they've become sanctimonious pricks. The bankers are no saints but the politicians are stinking and perfidious.

midgetrannyporn's picture

and whom exactly [sic]perfided your putrid pussy-villianimositous politicos?

Txo's picture

Of course one couldn t live without the other.  

kikkoman's picture

i missed the first hour...

but at the moment it sounds just like another wankfest. nothing new under the sun. old men stroking each other's dick.

Global Hunter's picture

the lady speaking now has used the term criminality about Barclays behaviour about 10 times, this is much better than watching US Congress.

Global Hunter's picture

This Scottish man is standing up to bankster bob's bullshit

billwilson's picture

He puts American politicians to shame. He doesn't put up with Diamond's platitudes ... Wonderful stuff. The Brits can still do somethings well.

Global Hunter's picture

I agree good stuff, the lady now is asking how many of the barclay's traders have gone to prison rhetorically...he's got to be sweating a bit

Ox's picture

It's like watching a schoolboy being told off by the teachers, kinda amusing.

Monedas's picture

Diamond seems to be holding his own .... his English is impeccable .... doesn't speak like a cockney limey falling out of a pub !   Maybe he should be interrogating them !        Monedas      1929        Comedy Jihad Not So Important What You Say .... It's How You Say It !

GMadScientist's picture

"Not So Important What You Say"

Very Important Who Is Listening and Recording.

Debtless's picture

It's about fucking time that the justice system is woken up and puts some of these criminal companies to task behind bars. It's fucking sickening how the financials continue to use fraud as a business model while a guy who robs a 711 goes to jail. Fuck them, hang the fucking fuckers before we take justice into the streets...

Monedas's picture

One American Jew = 100 Limey Socialists = 1000 Muslim Socialist Terrorist !       Monedas       1929         Comedy Jihad New Math Made Simple

GMadScientist's picture

One Mormon from Mammon = 100 unemployed construction workers = 1000 illegal immigrants.

 

Debtless's picture

Stop the pointless hearings and start the fucking trials already.

tony wilson's picture

There will be no whitewash in the White House.
tricky dick nixon


there always will be a polite english whitewash in westminster.

tony the bone wilson


GMadScientist's picture

Can we get a mouthwash though?

Cuz damn!

El Oregonian's picture

That's right... Ol' "Tricky" Dick Nixon, I almost forgot.

Now, we have "Bankster Barry" with all his Goldman Sucks thugs, J.P Morgue'rs, Wall Street hoodlums, and his CEO pimps all prancing around like self-propelled hippos hollowing out the sustenance of the American sheeple and gorging on the fruits of their labor leaving nothing for its owners.

I am Jobe's picture

Start the fucking hanging

Dimon

Corzine

Blakenfein

Pandit

Dodd

Pole Smoker Barney Frank

Pelosi

and many more

Only person who speaks the Truth RP and the sheeples are led to believe the same crap over and over. Inbreeding at best .

BalanceOrBust's picture

Why does Bob Diamond keep using the first names of the members?  Doesn't that seem like he is (i) trying to make them sound as if they are friends who should get dragge down with him or (ii) trying to demonstrate that he is above the committee?

Aren't there rules in the British Parliament?

I am Jobe's picture

They were all butt buddies.

Monedas's picture

That goofball on the left of the slimey limey socialist bitch FELL ASLEEP !      Thanks Bob for the 4th of July present !      I'm going to have a Bolinger/Absinthe cocktail for breakfast !            Monedas      1929         Comedy Jihad Slick American Jew Bankster Speaks Down To Common Socialist Nit Wits !

PMakoi's picture

LOL, did you see his eyes darting back and forth when the question of bonus clawbacks came up?  Looked like a trapped animal!!!

I am Jobe's picture

After teh fucking hearing at the pub for some drinks and this will be forgotten. Just like the USSA, a Dog and Pony show. Too much talk in the USSA and EU to nowhere. I guess talk talk and talk is all that is left with no action.

overmedicatedundersexed's picture

looks like mr diamond has zeroed in on the real culprits the true crime bosses: "14 traders did this"

I hope he is forced to watch his testamony every f'n day for as long as he lives while sitting in an 8x8 concrete cell.

Monedas's picture

This is not going well .... call a recess to fly in Nigel Farage .... at least he can spit it out !   

I am Jobe's picture

Nigel and RP will fix this shit. After that , take out back and shoot the fuckers.

Lebensphilosoph's picture

Hang! Shooting is for soldiers, not common crimnals.

I am Jobe's picture

This is fucking boring . Get the guns out.

Monedas's picture

You have to admit .... my Jews (Bernanke, Dimon and Diamond) hold their own in front of clueless Socialist legislators !        Monedas     1929        Unofficial Spokeshole For All Jewish History

Cosimo de Medici's picture

You are guilty of being an idiot.  Jamie Dimon is Greek Orthodox.  Bob Diamond is Irish Catholic.

Lebensphilosoph's picture

Worshipers all of the Abrahamic demon.

Monedas's picture

When Greek Orthodox and Irish Catholics imitate my Jews .... we are making progress !   I call it Abrahamic Bonding !        Pax Monedecana be with you !        

unwashedmass's picture

i mean, we all know that diamond knew precisely what has been going on for years.....that said, ....the british are so much better at dealing with their bankers.....

 

i mean, how come NO ONE has thanked Mr. Diamond, as one of the most powerful people in the banking industry, for deigning to appear> 

 

And how come no one is graciously letting him recite his prepared answers and then thanking him. 

 

And how come there are people INTERRUPTING his prepared spin? 

 

And how come no one is asking him how the rules can be rewritten to "prevent this from happening again"?

 

These British...they could learn a lot from our Congress!

unwashedmass's picture

i mean, we all know that diamond knew precisely what has been going on for years.....that said, ....the british are so much better at dealing with their bankers.....

 

i mean, how come NO ONE has thanked Mr. Diamond, as one of the most powerful people in the banking industry, for deigning to appear> 

 

And how come no one is graciously letting him recite his prepared answers and then thanking him. 

 

And how come there are people INTERRUPTING his prepared spin? 

 

And how come no one is asking him how the rules can be rewritten to "prevent this from happening again"?

 

These British...they could learn a lot from our Congress!

GrinandBearit's picture

Just another circle jerk.  Same old shit.  No one gets arrested, no one goes to jail.  

Later on today this guy will be on his yacht, martini in hand, watching the sunset.  

PMakoi's picture

I wouldn't be surprised if Diamond hasn't already received a dozen job offers!

GMadScientist's picture

Alright, enough of this prevaricating length of large colon that can speak.

MarcusLCrassus's picture

Here it comes, time for him to dazzle us with bullshit.