Reply to: Vince Cable: footballers deserve lavish pay, bankers don't

[oyerg]

Football clubs are not 'Too Big To Fail'

There are some clear differences in my opinion:

1. If a football club runs out of money it will never be too big to fail and would never be rescued out of taxpayer money. Banks can run as a private business and pay whatever they like if they are not holding the public and the economy to ransom.
2. There is too little competition because they have been allowed to become too big. Football clubs are an example of perfect competition.
3. Football clubs do not 'play' with others' money. If the banks want to conduct trading operations with their equity/profits and not touching savers' money no one will have a problem. If they fail they will just fold over without affecting anyone.

So the fundamental problem is not with investment banks or retail banks. Make them separate as they were and investment banks can pay whatever they like, do whatever they like with their and their big clients' money and operate as private businesses like football clubs.

But banks do not like it and oppose it tooth and nail. Why?

[Doggy Styles]

• They don't get paid with your money
• Use a building society or coop, maybe?

That's the point, ultimately they do. They use your money to generate their wages. If no-one deposited with that bank, there would be no money to pay them.

Now you could say use a coop etc, but these institutions also deposit your money somewhere.

[d000hg]

You have little choice than to use the banking system and provide bankers with your money to play with, and to get paid with.

• They don't get paid with your money
• Use a building society or coop, maybe?

[Doggy Styles]

No they aren't. Bankers USE your money to generate more money for themselves.

And are you sure there is no banking money funding the Barclays Premier League?

You have little choice than to use the banking system and provide bankers with your money to play with, and to get paid with.

You do have the choice to take or leave football, and take or leave the bank that sponsors them.

[darmstadt]

Bankers are paid with your money, whether you are an investor or simply have a bank account.

Footballers aren't.

I hope this helps the argument, but I doubt it.

I thought everyone gets paid with your money regardless. If I buy a Pot Noodle then any monies, travel, shop, article, etc. that I have laid out on go back up the chain eventually to the originating source. In that chain will, of course, be the persons involved in the manufacturing, sale, etc. of the end product who would get a portion of my expenditure.

[d000hg]

Nah, it's much cuter - they've got maybe £300k of the money belonging to future generations when inflation and interest payments are taken into account.

So now even unborn children are entitled to free money? It's benefits gone mad!

Bankers are paid with your money, whether you are an investor or simply have a bank account.

Footballers aren't.

I hope this helps the argument, but I doubt it.

No they aren't. Bankers USE your money to generate more money for themselves.

And are you sure there is no banking money funding the Barclays Premier League?

[Doggy Styles]

Bankers are paid with your money, whether you are an investor or simply have a bank account.

Footballers aren't.

I hope this helps the argument, but I doubt it.

[AtW]

Happens to the best of us*

*If I had a pound for everytime I've said that on here. i'd be a rich man.

You've only made 23,137 posts on here in total, so at best you'd get just over what you supposedly get from Olympics rent of your eco shed

[sasguru]

Fuck me. I've just found myself reading a sasguru post, nodding and agreeing.,

Happens to the best of us*

*If I had a pound for everytime I've said that on here. i'd be a rich man.

[AtW]

Fuck me. I've just found myself reading a sasguru post, nodding and agreeing.

Call NHS Direct?

[TestMangler]

Most investment banks have branches in London. Most were NOT bailed out, although in the US some banks were forced to take money in case. Those that could paid that back as soon as they could.

You cretins are so dumb you fall for any witch-hunt going. You're manipulated by politicians and special interest groups and you're too thick to figure it out

Fuck me. I've just found myself reading a sasguru post, nodding and agreeing.

[AtW]

He's got 30K of our money?

Nah, it's much cuter - they've got maybe £300k of the money belonging to future generations when inflation and interest payments are taken into account.

[d000hg]

All banks?
Didn't you tell us you were a permie on £30K. There's a reason for that.

He's got 30K of our money?

[d000hg]

Did you not hear? The banks were bailed out with £BILLIONS of UK taxpayer's money. And then went on continuing to pay themselves HUGE £bonuses.

Now you used big fonts, I'm convinced.

[AtW]

Must remind of Mother Russia.

In Russian default of 1998 which made me leave that country it was different: close up banks were able to sell paper that Govt defaulted on and buy hard currency which got devalued 4 times within month of default. Many banks had foreign loans in hard currency but they could not buy it at new rates so they defaulted but prior to that many owners fecked over depositors by moving assets elsewhere.