64 replies to this topic

[Phil]

http://uk.news.yahoo...95--sector.html


They put up a big fight and kick up a stink to look after their banker mates, but lie down with their legs in the air when Its anything to do with the rest of us...its not about party politics either, Labour and Tory have done ###### all except protect the vested interests of their rich mates

Edited by Phil, 06 March 2013 - 08:53 PM.

[slowdive]

par for the course though isn't it.

[JohnM]

This is Germany's payback for the failed takeover of the London Stock Exchange many years ago, and their failed attempt to establish Frankfurt as the financial capital of the EU as well as a general EU determination to wrest control; from London. If anyone thinks this will make the slightest difference to the amount of money that the target bankers make, they are living I am afraid in a cloud cuckoo land where the Internet has not yet been invented. These guys are FAR clever than the even the brightest of Eurocrats.

[Padge]

If they want to forcough elsewhere let them,

Totally none productive bunch of shysters, maybe we will have to revert to actually manufacturing things to earn money, the sort of stuff that employs real people in real jobs.

[Saint Billinge]

I once sent a letter to my MP well before the credit crunch showing concern over 125% mortgages, spiralling credit as well as recklessness by the banks. Ruth Kelly replied to say that it was all down to market forces and demand! How so out of touch.

Edited by Saint Billinge, 06 March 2013 - 09:24 PM.

[Johnoco]

I wish I could do my job as badly and not only keep my job but get a reward for my trouble.

[stimpo-and-kat]

The financial services industry contributes 11.5% of the UKs tax revenue...

[John Drake]

The financial services industry contributes 11.5% of the UKs tax revenue...

They've had quite a lot of it back in bailouts too!

There wouldn't BE a UK finance industry now if it wasn't for taxpayer subsidy.

The bonus cap will still allow them to receive (I refuse to use the word 'earn' in this context) 100% of their salary as a bonus. 100%!!! Who the hell else gets close to that even when they do well in their job, let alone having contributed to the tanking of an entire economy. Honestly, if that really isn't enough for them, they need to scuttle of elsewhere. I for one would be happy to hold the door open for them. I am sick to the back teeth of hearing how bankers need to receive ridiculously obscene amounts of remuneration to stay in their jobs when everyone else is expected just to be grateful to have a job at all. Time this outrageous self-serving bluff was well and truly called.

[Padge]

They've had quite a lot of it back in bailouts too!

There wouldn't BE a UK finance industry now if it wasn't for taxpayer subsidy.

The bonus cap will still allow them to receive (I refuse to use the word 'earn' in this context) 100% of their salary as a bonus. 100%!!! Who the hell else gets close to that even when they do well in their job, let alone having contributed to the tanking of an entire economy. Honestly, if that really isn't enough for them, they need to scuttle of elsewhere. I for one would be happy to hold the door open for them. I am sick to the back teeth of hearing how bankers need to receive ridiculously obscene amounts of remuneration to stay in their jobs when everyone else is expected just to be grateful to have a job at all. Time this outrageous self-serving bluff was well and truly called.

Yes.

[Padge]

The financial services industry contributes 11.5% of the UKs tax revenue...

And they should be contributing 90% if they all weren't avoiding paying it. They also remove massive amounts of tax payers money to bail them out of the zh!t they create.

How moving money from A to B can be considered a sign of a productive economy is beyond me.

Productive economies actually produce things that add value to the materials used in production the production of products.

The key word here is products. Money is not a product. Just moving money around in circles is not production it is just con tricks by pyramid sellers.

I'm with John, regulate them to the hilt and call their bluff. Nothing lost if the burger off elsewhere, let someone else mop up the zh!t they create.

[Wolford6]

Over the last thirty years we've seen our traditional industries destroyed by (initially) Thatcher and (secondarily) apathy by governments run by poncy no-marks and lawyers ever since.

I hate the economic mess the City of London got us into, as much as everyone else does.

However, let's not let the chinless MP Tw@s of all three parties stand by and do nothing whilst the EU (i.e. France and Germany) sells our financial sector down the river.

[Griff9of13]

When will people get it into their thick heads that we are just as much ''the EU'' as any other European nation. We elect proportionally the same number of MEPs as everyone else. Those MEPs sit on the committees etc. like everyone else. Just goes to show that brian washing barge of anti EU guff form certain newspapers does work if people believe that the UK has no say in EU law.

[Ramite]

Going against the tide here but on balance government did the right thing. Banking sector bring in alot of tax if they disappear to HK or elsewhere that's alot of 40% taxpayers to replace. Or more likely taxes go up for everyone else. It will not affect the total pay of those on a bonus anyway. Their fixed salary will just go up. It's just politicians making it look like they are doing something useful.

[Johnoco]

The way I see it, provided they are generating the profits they can pay themselves what the hell they like. If they mess up, they can't. And if they perform as badly as they have done in the last few years, they should feel grateful to be employed.

[Severus]

They've had quite a lot of it back in bailouts too!

There wouldn't BE a UK finance industry now if it wasn't for taxpayer subsidy.

The bonus cap will still allow them to receive (I refuse to use the word 'earn' in this context) 100% of their salary as a bonus. 100%!!! Who the hell else gets close to that even when they do well in their job, let alone having contributed to the tanking of an entire economy. Honestly, if that really isn't enough for them, they need to scuttle of elsewhere. I for one would be happy to hold the door open for them. I am sick to the back teeth of hearing how bankers need to receive ridiculously obscene amounts of remuneration to stay in their jobs when everyone else is expected just to be grateful to have a job at all. Time this outrageous self-serving bluff was well and truly called.

*Starts a slow clap*

[gingerjon]

The way I see it, provided they are generating the profits they can pay themselves what the hell they like. If they mess up, they can't.

This.

Of course I'm properly balanced in that I get annoyed that my honest tax-dollars are paying not only banker bonuses but guaranteed pensions for maths lecturers.

[JohnM]

They've had quite a lot of it back in bailouts too!

There wouldn't BE a UK finance industry now if it wasn't for taxpayer subsidy.

The bonus cap will still allow them to receive (I refuse to use the word 'earn' in this context) 100% of their salary as a bonus. 100%!!! Who the hell else gets close to that even when they do well in their job, let alone having contributed to the tanking of an entire economy. Honestly, if that really isn't enough for them, they need to scuttle of elsewhere. I for one would be happy to hold the door open for them. I am sick to the back teeth of hearing how bankers need to receive ridiculously obscene amounts of remuneration to stay in their jobs when everyone else is expected just to be grateful to have a job at all. Time this outrageous self-serving bluff was well and truly called.

Had the previous "government" indulged in proper regulation, and had they made an example of Northern Rock, and had not millions of greedy Labour voters fallen for the great Blair deception, this situation would not have been anywhere near as bad. When Brown said he'd abolished "boom and bust" he was basing it on the effects of the housing price bubble that the Blair govt had created and exploited. How could any sensible person not see that a trebling of house prices in the ten years after Labours election was anything other than a recipe for disaster Yes, bankers may be greedy, but just as greedy as those that borrowed recklessly at the expense of savers and pensioners, the unemployed and those in social housing so that they could get their own feet in the trough. What is it they sing at the Labour Party conference? Ah, yes, "The working class can kiss my ######, we'll keep the red flag flying here!"

[Severus]

This.

Of course I'm properly balanced in that I get annoyed that my honest tax-dollars are paying not only banker bonuses but guaranteed pensions for maths lecturers.

Meh, bite me

[Trojan]

Had the previous "government" indulged in proper regulation, and had they made an example of Northern Rock, and had not millions of greedy Labour voters fallen for the great Blair deception, this situation would not have been anywhere near as bad. When Brown said he'd abolished "boom and bust" he was basing it on the effects of the housing price bubble that the Blair govt had created and exploited. How could any sensible person not see that a trebling of house prices in the ten years after Labours election was anything other than a recipe for disaster Yes, bankers may be greedy, but just as greedy as those that borrowed recklessly at the expense of savers and pensioners, the unemployed and those in social housing so that they could get their own feet in the trough. What is it they sing at the Labour Party conference? Ah, yes, "The working class can kiss my ######, we'll keep the red flag flying here!"

If it rains do you blame the Blair government John? Is there anything bad that isn't the Blair government's fault? IMO where the Blair goverment were at fault was that they allowed the "casino" finance industry to carry on exactly as it had done under Thatcher and Major since 1986. They believed wrongly that the market had all the answers. Cameron and Osborne (before the crash) were calling for even less regulation. Cameron has some neck to say that Labour were in charge of the casino when it went bust. The casino was created by " big bang" under Thatcher. The Tories are doing what they always do, looking after their own and blaming someone else for any problems.

[gingerjon]

Meh, bite me

I don't know where you've been.