Bob Diamond Barclays American Dream Becomes a Horror Story
Bob Diamond Barclays is an American banker and former chief executive officer of Barclays plc. In 2010, he became its president and deputy group chief executive; and in January 2011, succeeded John Varley as group chief executive of Barclays. Made no difference to him he went ahead anyway and signed into law The Community Reinvestment Act (CRA). Politicians Wanted To Look Good That gave community organizers and gung ho political upstarts the power to twist the arms of bankers to give near do wells with below average credit ratings (that means…
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