Bonus

[zaza]

Does this story irritate anybody else as much as it irritates me?

[NeedSomeAnswers]

Bankers are clearly worth all that money as they do such a good job in bringing money into the economy !

[bigYank]

When I think of bankers and their cries for a bonus the lyrics of Jimmy Buffet come to mind, "beware of the sharks that swim on the land ...."

[abhijit]

Does this story irritate anybody else as much as it irritates me?

That's the sole reason to join a bank. So that you can enjoy the big bonuses afterwards. I fail to see why you're getting irritated. It's like saying a politician took a bribe.

[honeybee]

Does this story irritate anybody else as much as it irritates me?

We are relatively safer because we have some banks which are actually owned and operated by the government. We can move all our savings into these banks and refuse to do business with private banks completely.

When you see the salaries offered to the so-called management trainees taken on board, you can't help but wonder how much they will be earning for the banks. Whatever value the banks offer to the economy by and large, does the value of that service justify the fat salaries and bonuses these guys get?

It makes me sick how these banks have literally abused the financial markets. The sad thing is governments are still not ready to learn from the whole sorry period.

.

[abhijit]

We are relatively safer because we have some banks which are actually owned and operated by the government. We can move all our savings into these banks and refuse to do business with private banks completely.

When you see the salaries offered to the so-called management trainees taken on board, you can't help but wonder how much they will be earning for the banks. Whatever value the banks offer to the economy by and large, does the value of that service justify the fat salaries and bonuses these guys get?

It makes me sick how these banks have literally abused the financial markets. The sad thing is governments are still not ready to learn from the whole sorry period.

.

Some parts of the government are in the bankers' pockets!

[homer13j]

[EntityX]

You should tell her that it's not necessary to be so envoius. She has great levitating powers I can see. Not only is she levitating her own body but also the car.

[zaza]

We are relatively safer because we have some banks which are actually owned and operated by the government. We can move all our savings into these banks and refuse to do business with private banks completely.

When you see the salaries offered to the so-called management trainees taken on board, you can't help but wonder how much they will be earning for the banks. Whatever value the banks offer to the economy by and large, does the value of that service justify the fat salaries and bonuses these guys get?

It makes me sick how these banks have literally abused the financial markets. The sad thing is governments are still not ready to learn from the whole sorry period.

.

Funny thing is, I'm actually on the other side of the fence. I work for a bank (not UK govt owned) and I understand how the system works.
The fact of the matter is that it is not the banks which have brought the system to its knees, it is national governments through their reckless vote-chasing by basing growth on mortgage-backed debt. The overwhelming majority of bankers that I know have an extremely high company to personal earnings ratio...ie the multi-million dollar incentive compensations (which is what they are...flexi-pay rather than bonus) arise because of the serious cash that they have made for their companies despite pretty choppy market conditions.
Now the UK govt is making policy on the basis of mob rule... that's the real shame here. And before anybody tries to argue that that is democracy...it isn't. It's pandering.

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... the UK govt is making policy on the basis of mob rule...

Haven't they always done that? Drug policy? Crime? IMO the banks that received government bailouts need to keep the best so that they can pay back the tax payer; not force them out so they can make th money for someone else, somewhere else.

At the same time I do question weather all the money is necessary and it shows us the worst of capitalism; that we rely on a small number of highly paid individuals to keep the money flowing.