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Topic ClosedBonuses for bankers
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Poll Question: Should any banker be awarded a years salary or more as a bonus?
Poll Choice Votes Poll Statistics
1 [6.67%]
1 [6.67%]
1 [6.67%]
1 [6.67%]
11 [73.33%]
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King of Loss View Drop Down
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Points: 16329 		Direct Link To This Post Posted: February 28 2013 at 08:23
They really f*cked a lot of the world. I mean, worldwide about a hundred million people in the world lost their jobs and some in wealthier countries can't even find a half-decent job. I think some of them should be given an unfair trial just like the unfairness they gave us over the last 5 years for this piss economy where our wages are a lot lower.
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Points: 10837 		Direct Link To This Post Posted: February 28 2013 at 08:22
The question of bonuses for bankers could be asked about nearly any profession with high responsabilities AND high salaries AND low morality.
In fact, from my point of view, there should be no bonuses for anyone, except collective bonuses at the end of the year.
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Dean View Drop Down
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Points: 37575 		Direct Link To This Post Posted: February 28 2013 at 06:22
The collective name for Bankers?
 
 
A Wunch.
What?
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Blacksword View Drop Down
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Points: 16130 		Direct Link To This Post Posted: February 28 2013 at 06:20
Originally posted by Jim Garten Jim Garten wrote:

Originally posted by Blacksword Blacksword wrote:

I would like you to all take a moment to spare a thought for the investment banking industry and all the good work it does, with it's huge derivtive bubbles, sub prime mortgage criminal Ponzi schemes and other such products that no one really understands. Remind yourself that despite the fact that they have effectively bankrupted the western world, and subsequently, like a cancer sucked financial nourishment from their respective governmental hosts, leaving a trail of austerity and political instability in their wake, they too are human and to take away their rewards for failure and corruption is a clear breach of their human rights.


I really appreciate where you're coming from Andy - you've listed a lot of their good works, but in addition to all that, they still find time to assist the reconstruction of the western banking system by fixing the LIBOR rates & mis-selling products in order that they're guaranteed a future drain on their resources by way of hundreds of millions in compensation.

[edit]

BTW - Alan; if you read this - none of this is aimed at you.


A lot of what they do is actually criminal in real terms. Fixing LIBOR rates is fraud. Sometimes you just have to call these things out for what they actually are and not what the BBC or our politicans like to spin them as. Then of course there's HSBC laundering money for Mexican drug cartels. All on record. All admitted. The media furore should be deafening - and ongoing - and heads should be rolling left right and centre, but no. A few fines here and there. A bit of a ticking off and a bit of an apology now and then. A few stern words about 'what we can learn' etc etc,and round it all goes.

What do you call an organisation that operates above and beyond the law with impunity (unless it's politically expedient to hang some hapless individual out to dry)? You call it 'the establishment'
Ultimately bored by endless ecstasy!
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Jim Garten View Drop Down
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Points: 14693 		Direct Link To This Post Posted: February 28 2013 at 05:16
Originally posted by Blacksword Blacksword wrote:

I would like you to all take a moment to spare a thought for the investment banking industry and all the good work it does, with it's huge derivtive bubbles, sub prime mortgage criminal Ponzi schemes and other such products that no one really understands. Remind yourself that despite the fact that they have effectively bankrupted the western world, and subsequently, like a cancer sucked financial nourishment from their respective governmental hosts, leaving a trail of austerity and political instability in their wake, they too are human and to take away their rewards for failure and corruption is a clear breach of their human rights.


I really appreciate where you're coming from Andy - you've listed a lot of their good works, but in addition to all that, they still find time to assist the reconstruction of the western banking system by fixing the LIBOR rates & mis-selling products in order that they're guaranteed a future drain on their resources by way of hundreds of millions in compensation.

[edit]

BTW - Alan; if you read this - none of this is aimed at you.

Edited by Jim Garten - February 28 2013 at 05:23

Jon Lord 1941 - 2012
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someone_else View Drop Down
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Points: 23996 		Direct Link To This Post Posted: February 28 2013 at 05:01
I don't really care because I principally refuse to care about someone else's money, but it becomes rather sour when a top banquo grabs some €26.000.000 for steering a bank towards the abyss.
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Blacksword View Drop Down
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Points: 16130 		Direct Link To This Post Posted: February 28 2013 at 04:48
The EU has agreed a cap on bankers bonuses, limiting such payments to a miserly 1 years salary.

http://www.bbc.co.uk/news/business-21608938


^^^ Sorry, not able to post links today..

This is clearly a difficult time for bankers, but thankfully the UK government is showing compassion by opposing this cap, saying it would make the City of London uncompetitive. Our government of chinless horse fiddling aliens, proves once again they bear no relationship to reality and does not reflect the will of its people.

But reality aside, I would like you to all take a moment to spare a thought for the investment banking industry and all the good work it does, with it's huge derivtive bubbles, sub prime mortgage criminal Ponzi schemes and other such products that no one really understands. Remind yourself that despite the fact that they have effectively bankrupted the western world, and subsequently, like a cancer sucked financial nourishment from their respective governmental hosts, leaving a trail of austerity and political instability in their wake, they too are human and to take away their rewards for failure and corruption is a clear breach of their human rights. Please write to your MP, or congressmen today and pledge your support for this poor forgotten class of people, and if possible donate your home, your savings and maybe at least one of your children to them. They too are human. Don't forget this.

Call this number now to donate the shirt off your back: 0800 666......etc
Ultimately bored by endless ecstasy!
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