Reply to: RBS bankers get £950m in bonuses despite £1.1bn loss

[Mich the Tester]

You left out the bit about government minister gets to be a bwanker when he fooks up in office. Everyone is a winner.

We've given them enough chance to learn from the errors of their ways. Time to start shooting the bastards.

[TimberWolf]

Good quote.

That really is a fine example of wbanker logic. Bank loses bazillions of pounds. Government give bank bazillions of pounds and guarantees all dodgy investments. Bank takes bazillions, gives them to wbanker, who pays 50% in tax to government. Isn´t wbanker generous and shouldn't we all be grateful to wbanker?

FFS

You left out the bit about government minister gets to be a bwanker when he fooks up in office. Everyone is a winner.

[Mich the Tester]

I've repped you both for some most excellent banker bashing, which should be a national sport.

However in the interests of 'fairness' I might also take this opportunity to pass on some also excellent looking comments that take an interestingly diametric position on the issue of the parasitic bwankers and their ill gotten games and who should be jailed rather than handsomely rewarded for their work, posted on HPC:

Good quote.

That really is a fine example of wbanker logic. Bank loses bazillions of pounds. Government give bank bazillions of pounds and guarantees all dodgy investments. Bank takes bazillions, gives them to wbanker, who pays 50% in tax to government. Isn´t wbanker generous and shouldn't we all be grateful to wbanker?

FFS

[TimberWolf]

I've repped you both for some most excellent banker bashing, which should be a national sport.

However in the interests of 'fairness' I might also take this opportunity to pass on some also excellent looking comments that take an interestingly diametric position on the issue of the parasitic bwankers and their ill gotten games and who should be jailed rather than handsomely rewarded for their work, posted on HPC:

Hang on, bonuses are taxed as income, are they not? And at the higher rate, so the net tax take would be higher on bonuses than on corporate profits, yes? So why the fook does everyone keep whinging about bank bonuses?
--
Absolutely - and RBS has so many losses to carry forward, they won't be paying corp tax in the UK for a long while. This way, the State collects 50% of the money back in taxes - which goes towards paying off the 'equity' (read made up printed balance sheet money) put into it.

Royal Bank Of Scotland To Pay Nearly $1.5Bn In Bonuses After Losing $1.7Bn - House Price Crash forum

[MarillionFan]

Can a greedy person ever be competent to look after somebody else's money?

Yes. Robert Maxwell.

[AtW]

Can a greedy person ever be competent to look after somebody else's money?

Probably not, but we are talking about IT manager whose greed can be best served by providing the best people to support traders of tulip, that's another matter in my view.

[Mich the Tester]

That was just due to them being greedy more than competent.

Can a greedy person ever be competent to look after somebody else's money?

[AtW]

That's how competent they are.

That was just due to them being greedy more than competent.

[Mich the Tester]

I said trial. Yes we ask for trial period for all people who are new to the business, this is normal practice in the UK, I am sure even banks have it.

AtW, did you notice, just a couple of years ago, that western banks, especially RBS, lost more money than had ever been earned in the history of the milky way galaxy and had to be rescued by governments that were already going bust?

That's how competent they are.

[AtW]

In your case AtW, a trail period is something you offer graduates when you don't want to pay them much for working on SKA.

I said trial. Yes we ask for trial period for all people who are new to the business, this is normal practice in the UK, I am sure even banks have it.

[Mich the Tester]

I am not talking about logic - I am referring to some basic competence in problem solving: if you need right people you find a way to get them (at the right price), even if you have to take some chances - ffs, that's what trial period is for.

You are talking about logic. The logic of hiring the right person for the job, which is unlikely to be the person who buggered it up last time. This logic is beyond western bankers.

[MarillionFan]

I am not talking about logic - I am referring to some basic competence in problem solving: if you need right people you find a way to get them (at the right price), even if you have to take some chances - ffs, that's what trial period is for.

In your case AtW, a trail period is something you offer graduates when you don't want to pay them much for working on SKA.

[AtW]

If you think logic plays a role in the western banking system you are an idiot.

I am not talking about logic - I am referring to some basic competence in problem solving: if you need right people you find a way to get them (at the right price), even if you have to take some chances - ffs, that's what trial period is for.

[Mich the Tester]

What a lot of boll0x. So there are thousands of experienced contractors on the bench and they can't fill the vacancies? Drop requirement like "needed 1000 years experience in IB" and you'll get plenty of good candidates that can learn quickly even if it to gain 2-3 years IB experience before they jump.

If you think logic plays a role in the western banking system you are an idiot.

[AtW]

I was at a do a few weeks back
and met a senior contractor from RBS who worked in the business. He had been there for five years and basically said that RBS had loads of perm vacancies but could not get anyone to fill them.

What a lot of boll0x. So there are thousands of experienced contractors on the bench and they can't fill the vacancies? Drop requirement like "needed 1000 years experience in IB" and you'll get plenty of good candidates that can learn quickly even if it to gain 2-3 years IB experience before they jump.