Latest / The Vault: The Epstein Files / Barclay's Bank And The Choice Of Money Over Morality

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Barclay's Bank And The Choice Of Money Over Morality · The Vault: The Epstein Files

• 0:00
  Speaker 1: It looks like, according to a new article by The
• 0:03
  Speaker 1: Telegraph today, that Barclays is ready to stand behind Jess Daly. Now,
• 0:12
  Speaker 1: that is what they're saying publicly, of course. And with
• 0:16
  Speaker 1: the third quarter earnings report getting ready to drop, you
• 0:20
  Speaker 1: would think that they would be saying something like that.
• 0:25
  Speaker 1: You see, the last thing they want right now is
• 0:27
  Speaker 1: instability at the top. And if the shareholders think that
• 0:32
  Speaker 1: there's some stability at the top of the organization, then
• 0:36
  Speaker 1: they're going to have a lot more confidence in the institution,
• 0:40
  Speaker 1: financially speaking. Now, they're making this statement and we have
• 0:48
  Speaker 1: not even seen what the regulator's report has to say yet. So,
• 0:53
  Speaker 1: in my opinion, I believe that this is just another
• 0:56
  Speaker 1: statement by Barclay's to try and make sure that things
• 1:00
  Speaker 1: stay calm during the COVID pandemic. The last thing they
• 1:04
  Speaker 1: want is chaos at the top. So they're going to
• 1:08
  Speaker 1: ride staley as long as they can during this pandemic.
• 1:11
  Speaker 1: There's no doubt about that. But when this report drops
• 1:15
  Speaker 1: and all the information starts to flow out, Barclay's hand
• 1:19
  Speaker 1: is going to be forced and Bramson is going to
• 1:22
  Speaker 1: get his wish. The question is, when will that occur?
• 1:28
  Speaker 1: Let's jump into this article by City AM and see
• 1:32
  Speaker 1: what's what. Headline, Jess Staley set to stay on at
• 1:36
  Speaker 1: Barclays for two more years. So there's no author of
• 1:41
  Speaker 1: the article, so I'm guessing it's the City AM staff
• 1:44
  Speaker 1: who wrote it. Jess Staley is reportedly set to stay
• 1:48
  Speaker 1: on as chief executive of Barclays, despite the lender coming
• 1:52
  Speaker 1: under pressure to replace the controversial American. Oh, and that's
• 1:56
  Speaker 1: just public pressure for now. Just wait until this report drops.
• 2:00
  Speaker 1: Just wait until more information comes out about how close
• 2:03
  Speaker 1: these two really were. Nobody's really digging into this story yet.
• 2:07
  Speaker 1: None of these outlets are digging in. We have a
• 2:10
  Speaker 1: lot of financial outlets that are digging a little bit.
• 2:13
  Speaker 1: But I'm talking about the so-called serious journalistic outlets. Where's
• 2:18
  Speaker 1: the New York Times with a huge expose? Where's the
• 2:21
  Speaker 1: Washington Post? Nowhere to be seen. Nowhere to be found. Busy.
• 2:27
  Speaker 1: playing grab-ass still. And meanwhile, Jeff Staley, Jeffrey Epstein's good buddy,
• 2:35
  Speaker 1: is not receiving the sort of spotlight he should be.
• 2:40
  Speaker 1: The bank is not expected to announce any succession plans
• 2:43
  Speaker 1: when it reports third-quarter earnings on Friday, despite activist investor
• 2:48
  Speaker 1: Edward Bramson recently renewing his attack on Staley, the Telegraph reported.
• 2:54
  Speaker 1: And remember, it's not what they say to you, it's
• 2:56
  Speaker 1: what they don't say to you. The whole situation here
• 3:00
  Speaker 1: is they have the third quarter report coming out, right?
• 3:05
  Speaker 1: So they don't want to tarnish it with any bad news.
• 3:09
  Speaker 1: They don't want to ruin their third quarter report by
• 3:12
  Speaker 1: talking about succession. But from everything I have been told,
• 3:18
  Speaker 1: from all of the people I have spoken to who
• 3:20
  Speaker 1: work in the financial sector, Jeff Staley is not being
• 3:27
  Speaker 1: supported enough behind the scenes, the way they're supporting him publicly.
• 3:32
  Speaker 1: And a lot of people understand the extreme damage this
• 3:38
  Speaker 1: relationship with Jeffrey Epstein is going to cause when it
• 3:42
  Speaker 1: really comes out. See, we've only scratched the surface of
• 3:45
  Speaker 1: his relationship with Jeffrey Epstein so far. We've talked about
• 3:49
  Speaker 1: a few of his business dealings with Epstein, his personal
• 3:53
  Speaker 1: relationship with Epstein, and stuff like that. But the regulatory
• 3:58
  Speaker 1: committee that's looking into his managing of Epstein's money, etc., etc., well,
• 4:04
  Speaker 1: they're going to be privy to a lot more documents
• 4:08
  Speaker 1: and information that we do not have access to. It
• 4:14
  Speaker 1: emerged earlier this year that Staley was facing a regulatory
• 4:17
  Speaker 1: investigation over his descriptions of his relationship with convicted pedophile
• 4:23
  Speaker 1: Jeffrey Epstein. prompting speculation that the chief executive could step
• 4:27
  Speaker 1: aside early. And I think it's a little bit more
• 4:30
  Speaker 1: than speculation. I think that at this point, we have
• 4:34
  Speaker 1: to understand what's going on here. We have to understand
• 4:39
  Speaker 1: that there is politics being played within the organization. And again, remember,
• 4:46
  Speaker 1: I know I keep talking about it, but the number
• 4:48
  Speaker 1: one thing to these people is earnings. So if they
• 4:53
  Speaker 1: believe that Jess Staley, even though he had an unreported
• 4:58
  Speaker 1: deeper relationship with Jeffrey Epstein, if they believe that he
• 5:02
  Speaker 1: can continue to steer the ship right now, these people
• 5:06
  Speaker 1: don't have any moral compass. They don't care. They want
• 5:10
  Speaker 1: to increase their wealth. And unless something really comes down
• 5:13
  Speaker 1: the pipe on Jess Staley, well, they're going to hold
• 5:16
  Speaker 1: their cards as close to their chest as possible right
• 5:19
  Speaker 1: now in hopes that this blows over. And they can
• 5:22
  Speaker 1: continue on their merry way. But unfortunately for them, not
• 5:26
  Speaker 1: getting out ahead of this is going to come back
• 5:29
  Speaker 1: and bite them in the ass. When the information comes out,
• 5:32
  Speaker 1: when the trial starts, when mouths start moving and tongues
• 5:35
  Speaker 1: start wagging, we'll find out the real story about Jess
• 5:39
  Speaker 1: Daly and Jeffrey Epstein. And then Barclays is going to
• 5:43
  Speaker 1: have to deal with that fallout on top of the
• 5:47
  Speaker 1: fallout right now. Because they're not being proactive enough here.
• 5:51
  Speaker 1: They're putting profits over the image of the company and
• 5:56
  Speaker 1: over what is right. And that's just how the financial
• 6:00
  Speaker 1: sector works. We've talked about it a bunch lately. And
• 6:05
  Speaker 1: just there's examples of it every single time you read
• 6:07
  Speaker 1: an article about one of these banks, about one of
• 6:10
  Speaker 1: these situations. You understand very quickly that all that matters
• 6:15
  Speaker 1: is the almighty dollar, the consolidation of wealth and power,
• 6:21
  Speaker 1: And keeping their, whatever situation they have going on, keeping
• 6:27
  Speaker 1: that moving smoothly while crushing everybody else below them. While
• 6:35
  Speaker 1: Bramson's investment vehicle, Sherborne, called for Staley to step down
• 6:39
  Speaker 1: over his links with Epstein, shareholder voting advisor ISS and
• 6:43
  Speaker 1: Glass-Lewis have both recommended that he be elected. Yeah, of
• 6:48
  Speaker 1: course they did because their money depends on him, right?
• 6:52
  Speaker 1: They're connected with Jess Staley financially and they understand that
• 6:57
  Speaker 1: if they remove Staley right now from Barclays, amidst all
• 7:02
  Speaker 1: of this fallout of Jeffrey Epstein and the connections with
• 7:06
  Speaker 1: Epstein and Staley, that it is going to crush their
• 7:11
  Speaker 1: earnings report. So they're trying to ride it out, in
• 7:14
  Speaker 1: my opinion. They're going to try and ride this out,
• 7:17
  Speaker 1: try and, you know, skate down the back of this
• 7:20
  Speaker 1: pandemic for as long as possible before removing Staley. But
• 7:24
  Speaker 1: remember what we talked about recently, how Barclays reshuffled at
• 7:27
  Speaker 1: the top, moved two other folks into very high positions
• 7:31
  Speaker 1: as successors to Jess Staley. You don't do that if
• 7:35
  Speaker 1: you think this guy's going to be around for two years, okay?
• 7:38
  Speaker 1: This is a stabilization move. This is... a bit of
• 7:43
  Speaker 1: staunching the blood of the wound of the conversation of
• 7:48
  Speaker 1: Staley being involved with Epstein. And this is them trying
• 7:52
  Speaker 1: to make sure that they keep their financials right. That
• 7:57
  Speaker 1: is all this is. Staley has the support of Barclay's
• 8:03
  Speaker 1: board to stay on for another two years, according to
• 8:06
  Speaker 1: the Telegraph. Well, I don't know about that. I mean, maybe...
• 8:12
  Speaker 1: a portion of the board. But I know for a
• 8:15
  Speaker 1: fact that it's not all around the way, everybody agreeing.
• 8:21
  Speaker 1: There are several people who understand what's coming down the pipe.
• 8:27
  Speaker 1: There are several people who understand this is going to
• 8:30
  Speaker 1: affect them very, very badly in the long run. Sure,
• 8:34
  Speaker 1: it would hurt right now to get rid of Staley, right?
• 8:36
  Speaker 1: It would look bad. It would suck. You'd probably lose
• 8:39
  Speaker 1: some investors. But at the end of the day, It
• 8:43
  Speaker 1: would help you moving forward. See they're going to reap
• 8:46
  Speaker 1: the rewards now. But they're going to pay the price later.
• 8:49
  Speaker 1: There is no doubt. Especially can you imagine if Jess
• 8:52
  Speaker 1: Daly gets caught up. In the criminal portion of this investigation.
• 8:55
  Speaker 1: If it goes Rico. And his financial ties with Epstein.
• 9:00
  Speaker 1: Are put on blast. Can you imagine how bad that's
• 9:02
  Speaker 1: going to look for Barclays. CEO indicted under Rico. For
• 9:07
  Speaker 1: connections to Jeffrey Epstein. So my. Humble. suggestion to Barclays
• 9:15
  Speaker 1: is to be proactive here. Get rid of this guy.
• 9:17
  Speaker 1: Do the right thing and bring somebody else in like Venkat.
• 9:22
  Speaker 1: A spokesperson for Barclays declined to comment. Yeah, of course
• 9:26
  Speaker 1: they did. Look, they're not going to go on the
• 9:28
  Speaker 1: record here. All this information that we're getting is stuff
• 9:33
  Speaker 1: that they put out through their mouthpieces, right? These are...
• 9:37
  Speaker 1: conditioned leaks. They plan these kinds of leaks to the
• 9:41
  Speaker 1: media because they want the narrative to move in their direction.
• 9:44
  Speaker 1: And they want it to seem like everything is locked in.
• 9:47
  Speaker 1: Everything is tight, prim and proper up top. There's no hurdles.
• 9:51
  Speaker 1: There's no speed bumps and your money is in good hands.
• 9:55
  Speaker 1: That's what they want you to believe. And they will
• 9:59
  Speaker 1: bend over a backwards to get you to believe that,
• 10:02
  Speaker 1: even if they themselves do not. Epstein, who took his
• 10:07
  Speaker 1: own life last year while awaiting trial on sex trafficking charges, allegedly,
• 10:12
  Speaker 1: had been a key client of Staley's when he worked
• 10:14
  Speaker 1: at U.S. investment banking giant J.P. Morgan. Yeah, you know, look,
• 10:19
  Speaker 1: Jess Staley had nothing to do with Jeffrey Epstein financially, folks.
• 10:22
  Speaker 1: Come on, that's just, that's just a fairy tale. What
• 10:26
  Speaker 1: do you think, Jess Staley was involved in harboring Jeffrey
• 10:29
  Speaker 1: Epstein's money? Come on, no way. Jess Staley had no idea.
• 10:33
  Speaker 1: He's just, you know, he's just too stupid for that,
• 10:36
  Speaker 1: I guess. A man who is the chief executive at
• 10:39
  Speaker 1: Barclays is too stupid to understand that there was money
• 10:43
  Speaker 1: laundering going on right under his nose. Yep, sure, I
• 10:46
  Speaker 1: believe that. Barclays disclosed earlier this year that the Financial
• 10:52
  Speaker 1: Conduct Authority and Bank of England's Prudential Regulation Authority were
• 10:57
  Speaker 1: investigating Staley's characterization of his relationship with Epstein and the
• 11:02
  Speaker 1: subsequent description of that relationship. So basically, they're investigating if
• 11:08
  Speaker 1: he's lying or not. And it's obvious that he is lying.
• 11:11
  Speaker 1: He acted like he had no sort of private relationship
• 11:15
  Speaker 1: with Epstein when we know that's a lie. He was
• 11:17
  Speaker 1: on the island. But wait. He had his wife with him. Okay,
• 11:21
  Speaker 1: that's his excuse. But he was on the island. If
• 11:24
  Speaker 1: you are not close to Epstein personally, why are you
• 11:28
  Speaker 1: partaking in what his island has to offer? Why are
• 11:31
  Speaker 1: you going to his island and hanging out with him there?
• 11:36
  Speaker 1: I don't care if you're with your wife. I don't
• 11:38
  Speaker 1: care if you're with Jesus Christ or the Pope. You
• 11:41
  Speaker 1: should not be hanging out with a convicted pedophile. Okay, ever.
• 11:46
  Speaker 1: There should be no, there's no logical reason that I
• 11:49
  Speaker 1: can think of for somebody to go and hang out
• 11:52
  Speaker 1: with Jeffrey Epstein. And then after that's all been aired out,
• 11:56
  Speaker 1: after Barclays already knew that he was Jeffrey Epstein's number
• 12:00
  Speaker 1: one go-to man at JP Morgan, they thought it would
• 12:03
  Speaker 1: be a good idea to bring him over to Barclays.
• 12:06
  Speaker 1: They never expected Epstein to get busted again. And if
• 12:11
  Speaker 1: Trump didn't become president, There would have never been all
• 12:15
  Speaker 1: of that spotlight on Jeffrey Epstein. Think about that. That's
• 12:20
  Speaker 1: when all of this popped off, right? When Trump got elected,
• 12:25
  Speaker 1: they started putting out the pictures of Trump with Epstein
• 12:27
  Speaker 1: like they should have. And it really ratcheted up the
• 12:30
  Speaker 1: heat on Epstein. So one of the things that happened
• 12:37
  Speaker 1: when Trump was elected, the unintended consequences, I guess you
• 12:41
  Speaker 1: should say, was his relationship with Epstein was put on blast.
• 12:44
  Speaker 1: And it turned out that that was the catalyst to
• 12:48
  Speaker 1: get him arrested and to have the investigation start by
• 12:52
  Speaker 1: Julie Brown and the Miami Herald. It's pretty crazy how
• 12:56
  Speaker 1: that all occurred and how it all emerged, right? Because again,
• 13:00
  Speaker 1: I've talked about this a bunch of times. If it
• 13:03
  Speaker 1: wasn't for Acosta being appointed and Trump being president, nobody
• 13:07
  Speaker 1: would have even looked into this. Nobody really cared about
• 13:09
  Speaker 1: these survivors. And it's crazy to think that Jess Staley
• 13:15
  Speaker 1: thinks that when all of the chips fall down and
• 13:19
  Speaker 1: the Jenga tower comes tumbling in, that he's going to
• 13:23
  Speaker 1: be left smelling like roses. That is not going to occur. Okay?
• 13:28
  Speaker 1: Jess Staley... was Epstein's go-to guy. He was Epstein's number
• 13:33
  Speaker 1: one man at J.P. Morgan. And we know that when J.P.
• 13:36
  Speaker 1: Morgan and Jeffrey Epstein were in business, a good majority
• 13:40
  Speaker 1: of these crimes were being committed. So yes, Jess Daly,
• 13:43
  Speaker 1: you have some questions to answer. And no, we don't
• 13:47
  Speaker 1: believe that the board truly supports you. Staley has admitted
• 13:52
  Speaker 1: that he maintained contact with the disgraced financier, pedophile, for
• 13:56
  Speaker 1: seven years after his conviction, adding that he deeply regretted
• 14:01
  Speaker 1: the relationship. Imagine that, huh? Seven years after the conviction,
• 14:05
  Speaker 1: they're still palling around. They're still buddies. They're still friends.
• 14:09
  Speaker 1: What do you think? When they sat around and talked,
• 14:12
  Speaker 1: Staley never asked him about the conviction or getting in
• 14:14
  Speaker 1: trouble in 2009. You don't talk to him about that?
• 14:18
  Speaker 1: That's not one of the first things you say to
• 14:20
  Speaker 1: your friend? I know if I had a friend who
• 14:22
  Speaker 1: was convicted of sex crimes, I ever saw them again,
• 14:26
  Speaker 1: the first thing I would say is, hey man, what
• 14:27
  Speaker 1: the F is the deal? What did you do? But
• 14:32
  Speaker 1: these people act like they don't do that. Like it's
• 14:34
  Speaker 1: just not the polite thing to do. Well, I'll tell
• 14:38
  Speaker 1: you what. Sometimes the polite thing to do isn't the
• 14:41
  Speaker 1: right thing to do. Sometimes you have to run into
• 14:43
  Speaker 1: the room with your fat yap running and and call
• 14:47
  Speaker 1: everybody out. F politeness when it comes to pedophiles, folks, okay?
• 14:51
  Speaker 1: That's it. That's all. There's no politeness when it comes
• 14:54
  Speaker 1: to people like this. There's no palling around or hanging
• 14:57
  Speaker 1: out or associating. Not if you want to keep your
• 15:02
  Speaker 1: name clear of it. And Jess Staley, well, that's not
• 15:09
  Speaker 1: going to happen, sir. Staley said his contact with Epstein
• 15:15
  Speaker 1: began to taper off and become much less frequent after
• 15:19
  Speaker 1: he left J.P. Morgan in 2013 before ending totally in
• 15:23
  Speaker 1: late 2015, the year he took over as chief executive
• 15:27
  Speaker 1: of Barclays. Oh, well, isn't that convenient? So let me
• 15:31
  Speaker 1: get this straight. Your whole entire time at J.P. Morgan,
• 15:34
  Speaker 1: you and him are thick as thieves, tight, good friends. Then,
• 15:39
  Speaker 1: even afterwards, after the conviction, for seven years, you guys
• 15:41
  Speaker 1: were great friends up until 2015. Then you get the
• 15:45
  Speaker 1: Barclays job, and then, miraculously, your relationship ends? Eh, nobody's
• 15:52
  Speaker 1: buying that, okay? What you mean is your public relationship ended.
• 15:56
  Speaker 1: You guys were still homies. Stop it. Having initially called
• 16:02
  Speaker 1: for Staley's removal as chief executive in May, Bramson renewed
• 16:06
  Speaker 1: his attack on the American last month. And I'll tell
• 16:09
  Speaker 1: you what, I'm all for Bramson's motivations here, right? Look,
• 16:13
  Speaker 1: at the end of the day, I'm not naive. I
• 16:15
  Speaker 1: don't think Bramson really cares about the survivors. He's just
• 16:18
  Speaker 1: another billionaire making moves. But an enemy of an enemy
• 16:22
  Speaker 1: is a friend of mine. And if he's going to
• 16:24
  Speaker 1: work to get Staley out and to get Staley tossed
• 16:27
  Speaker 1: onto his ass into the unemployment line where he belongs,
• 16:30
  Speaker 1: then I am all for it and I support Mr.
• 16:33
  Speaker 1: Bramson's attempts. Because at the end of the day, he's right.
• 16:39
  Speaker 1: I would never put one single dollar with Barclays at
• 16:41
  Speaker 1: this point. With Jess Staley involved, sorry, no thank you. Furthermore,
• 16:46
  Speaker 1: with everything we have learned with the Finston Files and
• 16:48
  Speaker 1: the Paradise Papers, et cetera, et cetera, I don't put
• 16:51
  Speaker 1: my money with corporate banks anymore. I've been using my
• 16:55
  Speaker 1: local credit union for the past four or five years anyway.
• 17:00
  Speaker 1: So there's zero chance that I want anything to do
• 17:03
  Speaker 1: with any of these banks at all. I mean, I
• 17:06
  Speaker 1: don't want to be beholden to any of these banksters.
• 17:10
  Speaker 1: Being in debt is the worst thing possible. I refuse
• 17:15
  Speaker 1: to ever be a slave to these people. I refuse
• 17:17
  Speaker 1: to ever be in debt to these people. And I
• 17:20
  Speaker 1: most certainly refuse to ever accept that Barclays didn't know
• 17:25
  Speaker 1: about Staley's relationship with Epstein. In an email to Barclays shareholders,
• 17:32
  Speaker 1: an advisor to Shareborn raised further questions over Staley's links
• 17:36
  Speaker 1: to Epstein and During his time at J.P. Morgan. Highlighting
• 17:39
  Speaker 1: a subpoena issued to the U.S. Bank over its dealings
• 17:42
  Speaker 1: with the convicted sex offender. Now remember, J.P. Morgan is
• 17:46
  Speaker 1: caught up in the subpoena party down in the Virgin Highlands.
• 17:51
  Speaker 1: Just another one of these age-old institutions. Obviously involved in
• 17:57
  Speaker 1: all sorts of financial BS. And the head of that group,
• 18:02
  Speaker 1: Jess Staley... thinks he's going to walk away smelling like roses. Well,
• 18:09
  Speaker 1: my advice? Think again. If you'd like to contact me,
• 18:13
  Speaker 1: you can do that at bobbycapucci at protonmail.com. That's B-O-B-B-Y-C-A-P-U-C-C-I
• 18:20
  Speaker 1: at protonmail.com. You can also find me on Twitter at
• 18:24
  Speaker 1: B-O-B-B-Y underscore C-A-P-U-C-C-I. All of the links that go with
• 18:30
  Speaker 1: this episode can be found in the description box. And
• 18:34
  Speaker 1: I've had some requests to add.