Bonuses for bankers

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

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

The collective name for Bankers?

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.

King of Loss wrote: I mean have you read the origins of HSBC, I mean the bank was set up for the drug business.

Bonuses aside, this is a serious accusation - backup??

Jim Garten wrote: 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.

Thanks Jim, I entirely agree anyway.

btw - I'm not a banker, I'm an IT technician who happens to work for a Bank.

Bankers need and deserve our full support. They have rough lives of privation and hunger yet they manage to put greed aside in benefit of all their charitable work for the masses. How horrible you people are talking about these seraphims on Earth without your full respect.

Jim Garten wrote: King of Loss wrote: http://en.wikipedia.org/wiki/The_Hongkong_and_Shanghai_Banking_CorporationRead Many thanks - good old Wiki, eh?

It's not even a secret that HSBC launders money for drug cartels, gangs and terrorists, so why be surprised at the history?

Banking was a more or less respectable business in its origins, when people having money lent it in exchange for a return with interest (and vice-versa).

Edited by Gerinski - March 01 2013 at 00:23

King of Loss wrote: I think the reason why the government lets the banks off of the hook, cause they pretty much provide the government with a free ride... I mean look at the debt spending binges of countries like the US, the UK, Germany, Japan and China.