I have called upon the Prime Minister today to get a grip and take decisive action over the issue of Bankers bonuses.
Gordon Brown has completely failed to appreciate that the way in which the Government deals with Bankers bonuses is seen as a key test of who will pay for the economic crisis they have caused. Allowing bonuses to be paid to the higher paid bankers who caused this crisis by their greed and recklessness will be seen as fundamentally unfair. Fumbling around with nothing more than ineffective warnings of inquiries is pointless. The Prime Minister needs to get a grip and take the decisive action needed to end the bonus culture and send a clear message that the binge banking party is over.
27 Comments:
I agree that the elite bankers should not get bonuses. There does seem an elite spport. Tjhere is no reason to give bonuses to the top directors I do not mean ordinary employees but the elites wrecked their own banks.
I feel that it is completely wrong for Bank Directors to be getting exorbitant bonuses - They should stop being so greedy - As an ordinary Worker I consider Myself fortunate to be given a bottle of wine at Christmas !
My new conspiracy theory
--
The HBOS and Royal Bank just got into debt by geopolitical causes.
Some are now saying in the USA that AIG were really bailed out because they were carrying out expensive geopolitical activities for the american agenda in eastern europe and other parts of the globe, maybe this is the real reason the banks built up debts. Oil companies are even worse the chinese government just see western oil companies as just extensions of the western government.
Are these sort of strategic companies really independent companies or just modern versions of the east india company. Just geopolitical tools for the elites in intellgence services or who evers runs society. Why did the USA government give financial backing to the RBS. Why? Because they were doing work for the USA in other parts of the globe. Why do so many oil companies have connections to the elites. :
Apparently when AIG went into trouble they just asked for the government for money and said well we were only doing what you told us to do. Maybe RBS did the same.
Is this so. I mean the east india company were hardly independent of the government agenda. Are modern day oil companies and banks just modern day east india companies. Carrying out imperialism and government agendas under a cloak of being a private company.
Brown copying Obama
Resign, McDonnell, resign. You're a disgrace to democracy. No tolerance of other views, no acceptance of any criticism, censoring and deleting posts. The shame, the shame...
You're a disgrace to democracy
Ha, coming from Sham!
Priceless!
big banks and the "city" are outdated and based on abygone era - they need to modernise adn cut bonuses and stupid workin ghours if they are going to survive. Brown is committing political suicide most days now as when he brought Mandy back...we need to plan for after election poss defeat no that tories are any better
John needs to be visible on every issue a la Obabma - (does he ever sleep?0- see White House website
CNN doing a prog on how terroism isn't in Afghnaistan...or prob Pakistan.. more in the mind I think.. hopefully war willbe abolished one day for being ungreen adn unsustainable - Stephen Dworkins says humna's future lies in space -many people cd fight things out up there if necessary!
I do not support nationalisation of the banks. Many hard working people bought shares in the banks as an investment. These people should not see their shares turn to dust. There was no indication these banks were unreliable. Many people put thousands of pounds into these banks as a safe investments how were they to know mad directors were up to bizzare pea brained antics.
Don't tell me tough titties. These people were encouraged in the present climate that investments in banks were a safe investment.
The government told Lloyds to buy HBOS there would be no justification if the government just destroyed their shareholders shares when Lloyds had been a well named company. If part nationalisation is an option fair enough but the shareholders shares should be kept going in this business. It would be a disgrace if they lost everything.
I would support nationalisation if shareholders were fairly compensated. But I don't not see how the government can afford that.
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