Bankers Bonuses
What is this really.
It is the absolute shambles of effectively nationalising the banks and now having huge bonuses paid to bankers whose institutions would be bankrupt if they had not been bailed out with taxpayers money.
A case of playing the man and not the ball. The government has a duty to reclaim the money paid by the taxpayer but not to indulge in populist, nebulous outcries about financial sector remuneration across the board.
They have failed to introduce any coherent legislation to protect assets such as pensions and savings, nor does their seem to be a plan in any way shape or form of how the banks will pay back the money used to bail them out.
So instead of concentrating on that they are bleating because the financial sector is taking advantage of their incompetence and enriching themselves with the profits made from taxpayers money.
Quite funny really, MP's are getting hauled over the coals for the odd 20,30K for flipping a mortgage, while they stand like rabbits in the headlights while some bankers take millions in bonuses, effectively taken from the public purse.
But they have introduced a scheme to allow failed bankers to become teachers, so all is forgiven
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Reply to: Maximum pay level in UK on it's way
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Previously on "Maximum pay level in UK on it's way"
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Originally posted by Fred Bloggs View PostJeez............ I was thinking more like UKIP, BNP, or summat like that.
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Originally posted by DimPrawn View PostBest vote Labour then.
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Originally posted by Fred Bloggs View PostI disliked Bliar with a vengeance but a least he wouldn't have swallowed drivel like maximum wages and stuff. It's like a throw back to Michael Foot this.
Tragically for us all, I rate Cameroon even lower than Bliar though.
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I disliked Bliar with a vengeance but a least he wouldn't have swallowed drivel like maximum wages and stuff. It's like a throw back to Michael Foot this.
Tragically for us all, I rate Cameroon even lower than Bliar though.
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Originally posted by DimPrawn View Posthttp://news.bbc.co.uk/1/hi/uk/8204530.stm
Just set the maximum pay = minimum wage.
Simples, comrade.
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Originally posted by Sysman View PostThat is the second time in the last two or three days I've seen the banks who managed to escape nationalisation being lumped in with the rescued ones by dint of "being guaranteed by the taxpayer".
It's a potentially nasty little twist. It seems to me that they are paving the way for yet more interference in the private sector.
How many tractors are we supposed to produce this year?
The banks haven't had enough 'interference' thanks to Brown, and that is precisely why we are in the current mess.
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Originally posted by Sysman View PostHow many tractors are we supposed to produce this year?
But remember, Iraq were the enemy last year, now they are our friend and always have been.
Is it too early to open the Victory Gin?
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Originally posted by Sysman View PostThat is the second time in the last two or three days I've seen the banks who managed to escape nationalisation being lumped in with the rescued ones by dint of "being guaranteed by the taxpayer".
It's a potentially nasty little twist. It seems to me that they are paving the way for yet more interference in the private sector.
Leave a comment:
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Originally posted by Sysman View PostThat is the second time in the last two or three days I've seen the banks who managed to escape nationalisation being lumped in with the rescued ones by dint of "being guaranteed by the taxpayer".
It's a potentially nasty little twist.
No doubt you believe that Barclays have had no help from the taxpayer.
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Originally posted by DimPrawn View PostResponse 'timid'
Mr Cable has backed the Compass proposals.
"There is no justification for massive pay and bonus awards in financial institutions, the most important of which are guaranteed or owned or have been rescued by the taxpayer," he said.
It's a potentially nasty little twist. It seems to me that they are paving the way for yet more interference in the private sector.
How many tractors are we supposed to produce this year?Last edited by Sysman; 17 August 2009, 09:58.
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Maximum pay level in UK on it's way
http://news.bbc.co.uk/1/hi/uk/8204530.stm
In the same way the Low Pay Commission was set up in 1997 to advise on the minimum wage, a High Pay Commission was needed to introduce "a wide-ranging review" of pay at the top and bring in new measures to curb excessive remuneration, it said.
Just set the maximum pay = minimum wage.
Simples, comrade.Tags: None
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