"Banks have made mistakes and bankers have made mistakes, I know I've made mistakes," he told Sky News' Jeff Randall. "And we've changed the way we've done business."
Diamond cited higher levels of capital and lower levels of leverage as changes made in the sector.
"And I think we have to be very, very careful as we move forward to also focus on the other side, which is jobs and economic growth," he said. "We've all learned a lot from the financial crisis and it is more than a banking crisis, it really is," he added.
Diamond, who headed Barclays Capital until being named CEO of the group, said: "I think we all have a responsibility to do a better job of explaining how we contribute to jobs and economic growth and how we contribute to a better society."
Boy, just like in this picture, his back is against the wall.
All banks worldwide are in trouble, while most are teetering on going out of business all together. You can not have loaned money, like they did in the last decade, to anyone, who can fog up a mirror, and expect to stay in business. Politics aside, that is just stupid. Just like you, I can probably think of, at least, 5 people that I would not loan money to. These same people would have qualified for a huge mortgage 4 years ago.
I say let them go out of business. Don't throw good money after bad.
What do you think?
P. V. Street
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