Barclehs, ever the strange emo child of finance, has decided to go it alone, and will tell the UK to take its bailout money and go pound salt. Taking bailout money is so conformist, yeah. They want nothing to do with it. Cool emo kids take their not quite $12 billion from the much cooler capital sources, like Qatar (that’s Kay-Tur to you, pal), Abu Dhabi and such.
Of course, the decision has nothing to do with the UK executive bonus restrictions that come with taking bailout money. Making decisions based on bonus payouts is conformist. The 14% on preferred shares Barclehs will have to shell out to keep their adoptive parents from taking away the guitar and forcing a trip to Supercuts looks to us like an expensive expense (see what we did there?) to existing shareholders for the luxury of keeping senior bonus pools intact. Take that you UK financial authority conformists!
Barclays to Raise $11.8 Billion From Investor Group [Bloomberg]

69 comments (hidden to protect delicate sensibilities)
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Comments (69)

  1. Posted by american bandersnatch | October 31, 2008 at 7:06 AM

    Kay my ass. It’s more Guh or Quh. Put a burqa on temptress and get the pronunciation right. Do we have to go jihad over this?

  2. Posted by guest | October 31, 2008 at 7:17 AM

    It’s Car-Tar

  3. Posted by guest | October 31, 2008 at 7:17 AM

    I thought it was pronounced cutter like the insect repellent.

  4. Posted by TheUpwardlyMob | October 31, 2008 at 7:23 AM

    Respectfully, and although I hate when commenters post writing advice, please stop with the “see what we did there” winks. way too cutesy and pretty tired by now.

  5. Posted by american bandersnatch | October 31, 2008 at 7:25 AM

    I’m pretty sure this was hashed out in dealbreaker back in the roaring mid-oughts.

  6. Posted by guest | October 31, 2008 at 7:28 AM

    Deephaven facked

  7. Posted by guest | October 31, 2008 at 7:46 AM

    Are you guys ever going to discuss what happened to Harrison? Did wilt under our withering criticism?

  8. Posted by guest | October 31, 2008 at 7:59 AM

    Dont forget Libya. Great guys, really.
    -General M. Bison

  9. Posted by guest | October 31, 2008 at 8:00 AM

    FACK…FACk FACK…..FACK-FACK OH MY GOD I NEVER NO SHIT LIKE THIS BEFORE…
    EP…get some sleep.

  10. Posted by guest | October 31, 2008 at 8:14 AM

    its more like cutter. but they put more emphasis on the cut.
    – party in riyadh

  11. Posted by ep | October 31, 2008 at 8:20 AM

    If you missed it, its the British mis-pronunciation of Qatar. You guys and gals need to spend more time in London.

  12. Posted by guest | October 31, 2008 at 8:28 AM

    The Arcadian dream has fallen through,
    But the Albion sails on course
    http://www.youtube.com/watch?v=h32LKs-qOk0

  13. Posted by american bandersnatch | October 31, 2008 at 8:42 AM

    ep – been there, done that. Had to relearn a lot of words, expressions and pronunctiations.

  14. Posted by NAS Keflavik boi | October 31, 2008 at 8:50 AM

    mandatory circumcisions, foreswearing of pork and alcohol and submission to islam for all kaffir bankers!
    Praise allah!!

  15. Posted by guest | October 31, 2008 at 8:59 AM

    It’s pronounced Tha Carter

  16. Posted by guest | October 31, 2008 at 9:05 AM

    I say old chap, everyone’s doing it. I mean, it’s a ghastly business dealing with the wogs, but what can one do?
    Speaking to officials and reporters at the Dubai International Financial Center, Deputy U.S. Treasury Secretary Robert Kimmitt said he is meeting with sovereign wealth funds, investment companies and other financial institutions in the region in an effort to promote the U.S. as an investment destination.
    http://www.iht.com/articles/ap/2008/10/28/business/ML-Dubai-Gulf-Investment.php

  17. Posted by guest | October 31, 2008 at 9:12 AM

    It’s Gutt-her, Gutt-her, as in “she’s not Sharia-compliant enough for my taste, so let’s gutt-her like a camel.”

  18. Posted by guest | October 31, 2008 at 9:13 AM

    Ghastly wogs indeed.

  19. Posted by guest | October 31, 2008 at 9:40 AM

    you really think that being partly owned by wogs changes anything? those guys are stupid but not so stupid they even think about interfering with the business. (besides, that would be too much effort)
    Just keep sending the dividends and they’ll spend it on gucci, porsche and artificial islands and towers shaped like buttplugs

  20. Posted by guest | October 31, 2008 at 11:37 AM

    Bullshit – they say this bailout is about bad mortgages and subprime borrowers – and that is a lie.
    This bailout is about banks making bad bets on commercial paper at the height of prices.
    The banks are the ones who borrowed too much, over extended and it is the banks that can not pay their “mortgages” to a far greater degree of harm than “subprime borrowers”.
    The government knew for years that the banks were headed for trouble, but

  21. Posted by guest | October 31, 2008 at 11:39 AM

    Bullshit – they say this bailout is about bad mortgages and subprime borrowers – and that is a lie.
    This bailout is about banks making bad bets on commercial paper at the height of prices.
    The banks are the ones who borrowed too much, over extended and it is the banks that can not pay their “mortgages” to a far greater degree of harm than “subprime borrowers”.
    The government knew for years that the banks were headed for trouble, but THEY DID ABSOLUTELY NOTHING:
    http://yourmortgageoryourlife.wordpress.com/2008/09/23/liars-and-the-lying-lies-they-are-telling-you/
    The regulators just stood there and wathced the fire spread, adn now they want us to put it out with gobs of out money.
    Bullshit.

  22. Posted by guest | October 31, 2008 at 11:39 AM

    Bullshit – they say this bailout is about bad mortgages and subprime borrowers – and that is a lie.
    This bailout is about banks making bad bets on commercial paper at the height of prices.
    The banks are the ones who borrowed too much, over extended and it is the banks that can not pay their “mortgages” to a far greater degree of harm than “subprime borrowers”.
    The government knew for years that the banks were headed for trouble, but THEY DID ABSOLUTELY NOTHING:
    http://yourmortgageoryourlife.wordpress.com/2008/09/23/liars-and-the-lying-lies-they-are-telling-you/
    The regulators just stood there and wathced the fire spread, adn now they want us to put it out with gobs of out money.
    Bullshit.

  23. Posted by guest | October 31, 2008 at 11:39 AM

    Bullshit – they say this bailout is about bad mortgages and subprime borrowers – and that is a lie.
    This bailout is about banks making bad bets on commercial paper at the height of prices.
    The banks are the ones who borrowed too much, over extended and it is the banks that can not pay their “mortgages” to a far greater degree of harm than “subprime borrowers”.
    The government knew for years that the banks were headed for trouble, but THEY DID ABSOLUTELY NOTHING:
    http://yourmortgageoryourlife.wordpress.com/2008/09/23/liars-and-the-lying-lies-they-are-telling-you/
    The regulators just stood there and wathced the fire spread, adn now they want us to put it out with gobs of out money.
    Bullshit.

  24. Posted by guest | October 31, 2008 at 11:41 AM

    Sorry for the duplicates everyone – I have no idea how that happened – my bad!!! I would delete them if I could!

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