Wednesday, 9 November 2011

Sick and Tired

I recently read that representing an investment banker is not unlike being a street-sweeper at a parade. Not only does it involve watching an endless procession of horse’s arses but one is also responsible for clearing up the mess they make.  Now that Lloyds Banking Group’s Antonio Horta Osorio has recently stepped back from his role of Chief Executive Officer only eight months after his golden hello of £8.3 million; I cannot help but wonder whether the stress of spending his days clearing up the legacy of his predecessor’s mountainous piles of crap have resulted in his health’s undoing.

In spite of one person's suggestion it is the numerous letters of complaint I have sent for his personal attention that have finally pushed Mr Osorio over the edge, my gut feeling is this tennis playing, green tea drinking lawyer’s son has gone medically a-wall for reasons, whatever they may be, which have very little to do with my persecution at the hands of HBOS.  I do not doubt, however, it will be a great comfort for him to know, unlike the many individuals who have been suffering relentless levels of stress at the hands of Lloyds owned HBOS, he has another £15 million coming his way out of the 41% taxpayer owned banking coffers whether he does another days work at Lloyds or not.

Hermocratis once said, “An abundance of gold and silver, makes war, like other things, go smoothly” and I can only hope, in this case, “other things” don’t just apply to Mr Horta Osorio’s personal finances whilst on sick leave.  Without him at the helm, market confidence has already cost Lloyds share holders a £1 billion in fallen share values while a 21% drop in profits for the last quarter takes Lloyds Banking Group’s trading losses for the last nine months down to an unhealthy £3.9 billion.

So, while I wait, penniless and in moderate health to hear how my fourteen page letter of complaint to the Ombudsman’s service is received, it seems that Lloyds Banking Group also wait penniless and in moderate health for a favourable outcome to Horta Osorio’s untimely exodus.  In my case, however, having lost everything three years ago because of HBOS recklessness, I only have the potential for gain whilst it appears on this occasion it is the “ too big to fail” Lloyds Banking Group who have everything to lose.

Now there’s a thought.

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