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!"