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Deutsche Bank lords it over workers

March 10, 2011

They say a picture is worth a thousand words. Whoever they are, they are right. There has never been a more eloquent expression of David Cameron’s Big Society, a more annihilating wrecking-ball of Conservative rhetoric, a more profound embarrassment of the shallow motto “we’re all in this together” than this picture from last night’s “save the NHS” rally.

As the 500-strong demonstration marching from London Hospital to St Bartholomew’s Hospital passed by the Deutsche Bank building, they were met with jeers of “get a job”. Others, less brave, chose to stay inside their glass tower and just wave wads of cash at the demonstrators, laughing.

The Deutsche Bank mission statement, taken directly from their website is to create “lasting value for our clients, our shareholders, our people and the communities in which we operate. Our brand captures and projects a clear idea of who we are. It is something against which all our activities – products, services, behavior and communications – can be judged. It is simple, succinct and unequivocal.” It shouldn’t be too hard for this man’s employers to identify him and send an unequivocal message to us “little people” that they do not all subscribe to his view of the world.

Deutsche Bank, at the time of the collapse of financial institutions, were quick to refuse any government hand-outs. So, you may think that they did not profit from the crisis. Think again. DB were one of the top beneficiaries of the bailouts both in Europe and the US in two major ways. Firstly, they were one of the major players in buying insurance on the collapse of the housing bubble and so they were paid with taxpayer money when those insurance companies collapsed. From the AIG bail-out alone, they received $11.8 billion. Secondly, they have been hired to advise on the restructuring, mergers, bail-outs and acquisitions of failed financial institutions by the government. They were awarded the Northern Rock contract only today! Finally, of course, they benefited hugely by government underwriting of guarantees which stabilised the sector. Their CEO was paid 9.55 million Euros in 2009.

So, one way or another, the money that is being waved by that smirking, self-satisfied, sub-human at NHS workers facing an unprecedented threat to their livelihood and our most basic services, is ours; that money is yours and mine. Perhaps it makes the joke funnier for him, secure, as he is, in the knowledge that the banking sector is the only one seemingly immune to the effects of the crisis they created.

P.S. The picture was sent to indymedia by one of the demonstrators.


You may be aware of the offence of which some were recently convicted for burning poppies at a remembrance rally. I believe the same public order offence could apply to this man, but a complaint from someone at the rally to the police is needed. If anyone who was part of the march wants to complain, the details are as follows:

The offence is created by section 5 of the Public Order Act 1986:

“(1) A person is guilty of an offence if he:

(a) uses threatening, abusive or insulting words or behaviour, or disorderly behaviour, or
(b) displays any writing, sign or other visible representation which is threatening, abusive or insulting,
within the hearing or sight of a person likely to be caused harassment, alarm or distress thereby.”

This offence has the following statutory defences:

(a) The defendant had no reason to believe that there was any person within hearing or sight who was likely to be alarmed or distressed by his action.
(b) The defendant was in a dwelling and had no reason to believe that his behaviour would be seen or heard by any person outside any dwelling.
(c) The conduct was reasonable.
12 Comments leave one →
  1. JOHN WALNE permalink
    March 10, 2011 5:51 pm

    Words fail me. I am disgusted at their attitude towards people who do a much, much better & important work for society than they do.

    They all should be named & shamed.

  2. get up stand up permalink
    March 10, 2011 10:02 pm

    Scum, who’ll soon be getting their just desserts in the only currency they’ll ever understand…

    Please don’t miss 26th March in London

    Be there, no excuses

  3. David Hambly permalink
    March 11, 2011 11:40 am

    Sub human we should call him what he is scum.

  4. David Hambly permalink
    March 11, 2011 11:48 am

    What a pathetic shallow excuse for a human being that man waving the cash is. Maybe he never uses the NHS maybe he is public school educated but more likely he is weak, frightened and fearful that the little people might one day hold people like him to account for their crimes against society.

    • Rob permalink
      March 12, 2011 2:14 am

      More likely, he is afraid that his scrawny pathetic little ass will be munched up and repossessed by his Porsche Finance company if he doesn’t keep up with repayments and sucks up in repayments to his monetary superiors. He is clearly rather low down on the food chain.

  5. Milena permalink
    March 13, 2011 2:44 am

    A picture is worth a thousand words, but a few extra don’t hurt.

  6. alex permalink
    March 14, 2011 2:12 pm

    hahaha.. hularious!

  7. Anon permalink
    March 19, 2011 10:16 pm

    Once upon a time I worked at Deutsche Bank – a seriously misplaced technology job before I decided that that wasn’t for me, and decided on further study.

    Whilst at said bank, it was explained to me how insider trading could be viewed as perfectly legal, how useless their systems are (their code is held together by chewing gum, so to speak) and falable their traders are.

    Spending a Friday on a trading floor (the day which, normally, important market data comes out) is utter madness.

    The irony is that DB is one of the “conservative” investment banks.

  8. Anon permalink
    March 19, 2011 10:18 pm

    I should add that most DB contracts come with private health provision.

  9. CHIBUISIN permalink
    March 22, 2011 8:38 am

    One word:


    • March 22, 2011 8:47 am

      I wrote to DB last week (as I am sure many people did). He got fired on Friday. Ha.


  1. Time to refocus on the Banks « sturdyblog

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