Author Topic: Frankly I smell a rat here  (Read 627 times)

0 Members and 1 Guest are viewing this topic.

Offline Snoopy

  • Administrator
  • Power Poster
  • *****
  • Posts: 54191
  • Reputation: 0
  • In the Prime of Senility
Frankly I smell a rat here
« on: February 09, 2009, 12:45:32 PM »
http://news.bbc.co.uk/1/hi/business/7878250.stm

Quote
Barclays Bank has reported profits before tax of £6.08bn ($9bn) for the full year of 2008, down 14% on its profits taken in 2007.

Chairman Marcus Agius said the bank had been "solidly profitable despite strong headwinds" experienced during the year.

It just doesn't gell that Barclays should come out smelling of roses.
I used to have a handle on life but it broke.

Online Grumpmeister

  • Power Poster
  • *****
  • Posts: 36462
  • Reputation: -24
  • Prankmeister General
Re: Frankly I smell a rat here
« Reply #1 on: February 09, 2009, 12:52:08 PM »
More then likely hound, they are including Lehman Brothers assets they bought up for sod all in their 'profits' so I suspect that overall this is as close as you can get to cooking the figures without actually breaking the law..
The universe is run by the complex interweaving of three elements. Energy, matter, and enlightened self-interest.

Offline Nick

  • Needs to get out more...
  • ******
  • Posts: 109301
  • Reputation: -115
Re: Frankly I smell a rat here
« Reply #2 on: February 09, 2009, 12:54:09 PM »
Someone I knew worked for Lehmann Brothers. Barclays were in like knife scooping up the better people. She was back at work the next day, for Barclays
Warning: May contain Skub
Cat sitter extraordinaire
Semi-professional crocodile