Reply to: Bank bosses "livid" about additional levy

[AtW]

Most likely the whole thing has been stage managed - The Government lets the banks off the hook, with a one-off (?) trifling tax of 800 million, on condition they agree to put on a pantomime show of apoplectic outrage, for the sheeple to lap up and improve the coalition's ratings. I wonder what HAB reckons - he hasn't been around for a while.

Bank levy is NOT one off tax - Liebors tax on bonuses was and they now whine that Cons don't raise as much ffs Liebor said it was ONE OFF tax.

[OwlHoot]

Most likely the whole thing has been stage managed - The Government lets the banks off the hook, with a one-off (?) trifling tax of 800 million, on condition they agree to put on a pantomime show of apoplectic outrage, for the sheeple to lap up and improve the coalition's ratings. I wonder what HAB reckons - he hasn't been around for a while.

[thunderlizard]

When I read about this kind of thing, my gut instinct is to say 'set fire to the bastards'. Then I stop for a moment, think about my feelings and try to rationalise my thoughts to provide a more constructive suggestion as to how to deal with this kind of issue. Line the bastards up on top of Canary Wharf and push them off one by one.

My solution is similar. A quick glance at a map of the area shows that the whole Isle of Dogs could sealed off quite easily, by digging through the West Ferry Roundabout and letting the water flood in from the West, and by destroying the Trafalgar Way bridge in the East. The investment banking community could be left to contemplate its actions on the resulting island for, say, five years. After that we'd reconnect them to the rest of London and see if they want to do things differently next time.

[Churchill]

Indeed; when they succeed in plunging China into a major economic crisis using all sorts of credit derivative jiggery pokery, they should not expect a very merciful response from the Chinese communist party.

The Chinese economy is very shortly going to be fubar.

When all the peasants realise they're not getting theirs there'll be another uprising.

[Mich the Tester]

These banks will shortly be leaving town anyhow. China and the rise of the Asian economies will almost surely make it far more profitable to be there. I say let them f**k up the world again so the Chinese can hang them....by their nuts.

Indeed; when they succeed in plunging China into a major economic crisis using all sorts of credit derivative jiggery pokery, they should not expect a very merciful response from the Chinese communist party.

[lilelvis2000]

Its silly slagging off all the banks.
The ones that got taxpayers money should pay it back at the usurious rates of interest they would normally charge.
After that, regulation should be put into place maybe splitting off the constructive banking from the more speculative type, so they can't ahrm the economy again.
And after that, they are private companies so leave them the fook alone.

Didn't someone suggest that before, and the banks - with hands firmly on Number 10's balls - "suggest" that wasn't the way?

[lilelvis2000]

These banks will shortly be leaving town anyhow. China and the rise of the Asian economies will almost surely make it far more profitable to be there. I say let them f**k up the world again so the Chinese can hang them....by their nuts.

[sasguru]

Its silly slagging off all the banks.
The ones that got taxpayers money should pay it back at the usurious rates of interest they would normally charge.
After that, regulation should be put into place maybe splitting off the constructive banking from the more speculative type, so they can't ahrm the economy again.
And after that, they are private companies so leave them the fook alone.

[Sysman]

Absolutely. As they've been saying, they're easily able to move to a more favourable country at the drop of a hat. All talk, no walk?

They might just find a shortage of customers in other countries who are willing to put up with extortionate bank charges and dodgy business practices.

[thunderlizard]

what's all the fuss about?

Absolutely. As they've been saying, they're easily able to move to a more favourable country at the drop of a hat. All talk, no walk?

[Mich the Tester]

When I read about this kind of thing, my gut instinct is to say 'set fire to the bastards'. Then I stop for a moment, think about my feelings and try to rationalise my thoughts to provide a more constructive suggestion as to how to deal with this kind of issue. Line the bastards up on top of Canary Wharf and push them off one by one.

[AtW]

They'll just pass it on to the customer anyhow - what's all the fuss about?

The fuss is about them having to pass it on next year so that current tax would depress their otherwise fat bonuses...

[Bunk]

Mash on the ball again.
The Daily Mash - We spend £2.5bn getting our balls fluffed, say bank chiefs

That's a good one.

[Mich the Tester]

Mash on the ball again.
The Daily Mash - We spend £2.5bn getting our balls fluffed, say bank chiefs

[Bunk]

I particularly like this bit:

A senior banker said "this feels a bit like the last soldier killed before the armistice - if there is an armistice."