Johnny Bag

Time was the word "Johnny" prompted oodles of teenage giggles, smirks and condomn references, but no any longer it seems.

Via the power of a google image all I get is pics of Johnny Knoxsville and/or Depp. Fuck that American cultural imperialism shit, what I want is the chance of associating the Financial Services Authority's treatment of Johnny Cameron with condoms. Is that bad of me I wonder? Well it could be worse I could be the FSA.

After reading their statement I discover that "the FSA will not take disciplinary action against Cameron. The FSA has not made any findings of regulatory breach against Cameron and he has not made any admissions."

I.e. yer man will never, ever take up a permanent job in any sort of financial servicies firm ever, but for reasons the FSA will never, ever elaborate upon.

Fuck, that was predictable. So here we go blah de blah, the FSA is claiming an easy scalp via all sorts of lawyer to lawyer compromises wherein we'll do this if you do that, and he'll do a bit of the other, but just keep schtum about it all.

Fucking stinks if you ask me. The decent thing, the respectable thing would have been to state why yer man isn't fit, clarify what he did wrong and take some punitive action. Doing so would have clearly articulated some prinicples that could then be applied to all the other actual/former executives currently sat besides their swimming pools lapping up their early retired for monumentally fucking-up gravy.

Instead what we got was an outcome that sees the FSA pretend it's hard, while avoiding having to do anything else, letting it remain what it is and always has been - the banking sector's bitch, byatch.

As a 19th May P.S. - as someone pointed out to me today this arrangement wherein yer man can do consultancy work and what not means he could possibly pop back up somewhere, which given he'd already been kept out two jobs suggests this new, formal arrangement could actually prove more generous than his previous treatment.

October 29th P.S. so there you are then, the FSA were being total bitches cos yer man is back in gainful employment (as is him that ran Northern Rock, her that ran HBOS and it that ran Northern Rock. Thank god all this top flight executive talent isn't going to waste at a time when we need the private sector to create jobs. Shame all their former employers are all laying people off. Bunch of vile cunts really.)