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June 28, 2012

Suitable Partners: Barclays' Bob Diamond and Bruce Ratner

Develop Don't Destroy Brooklyn


That's Dapper Bob Diamond in the pinstripes, next to Jay Z, at the Barclays Center (aka House that Eminent Domain Built) groundbreaking in 2010.

Doesn't it just make perfect sense that the bank that bought the naming rights to a corrupt land grab (and a subway station for a song) is also...corrupt.

At the same time, isn't it just a tiny bit distasteful (and embarrassing) that this shamed corporation gets to slap its logo all over Brooklyn and use the Borough for its branding advantage? From The Guardian:

Pressure builds on Barclays boss Bob Diamond
Barclays chief faces calls to step down after bank fined £290m for trying to manipulate key interest rates

Pressure is mounting on the boss of Barclays, Bob Diamond, following the £290m penalties slapped on the bank for trying to manipulate the price of crucial interest rates that affect the cost of borrowing for millions of customers around the world.

As Andrew Tyrie, chairman of the Treasury select committee pledged to call Diamond to give evidence to MPs, the Barclays chief executive was facing calls to step down.

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Posted by eric at June 28, 2012 11:05 AM