Quote:
Originally Posted by ntluser
Senior members of the Northern Rock bank are over-paid a good salary to see that the bank runs smoothly. This sadly happens too often in many failing institutions and these "fat cats" always walk away with a golden handshake that is far better than their customers get, thereby rewarding failure.
Maybe in future we will have a situation where customers will take out savings protection to cover them in the event that their bank displays poor financial management & is unable to repay their money. In this way the government would not have to bail out failing banks and could allow the bank to fold without customers losing money.
Perhaps too we need some mechanism to deal with the "fat cats" so that they do not benefit financially. A very large fine plus a ban on working in any financial institution( or business) and in the event of proven malpractice perhaps a stiff jail sentence would deter others from following the same route. Or maybe a lawyer on behalf of the customers could sue "fat cats" personally for negligence and recoup money in that way too.
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Golden Hello, Golden Handcuffs (you can demand this every year), Golden Good bye, lovely bonuses
Nothern Rock has been a scam for long time, they gambled the lot and lost. The fat cats salaries cannot cover 50bn loss, that's 50 000 000 000 quid