The Barclays/Absa rot in the system ?

On 22 April Times live reported the following : Barclays is set to announce profits for the first three months of the year of £2-billion (R25-billion) this week as it attempts to convince investors that its financial performance merits the £17.7-million compensation package it has awarded to CEO Bob Diamond. On 1 July 2012 it is reported that Bod Diamond was the main culprit in the interest rate scandal and he needs to be fired. Now this guy is the head of Barclays who is the boss of ABSA. It is also said that a fish decomposes from the head downwards. It was also reported today that apparently there were some misinformation fed to the market the past few years and the Sunday times today said it might have been an "oversight" An oversight that took more than 2 billion off their market cap? Nice oversight ! The governor of the bank of England, Sir Mervyn King had this to say about banks in General and it might seem specifically to Barclays "From excessive levels of compensation, to shoddy treatment of customers, to a deceitful manipulation of one of the most important interest rates and now news of yet another mis-selling scandal we can se we need a real change in the Culture of the (Banking) Industry. "