Quote:
Originally Posted by Flyboy
This can be achieved without the need to pay incompetent bosses vast sums of money.
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Let's get something straight - we all know some serious mistakes were made and sadly those involved have already been paid very handsomely for their failures. HMG is never going to recover that money so let's get over the idea that these people are going to be made to pay for their sins.
With respect to the incompetent bosses you refer to, how are we going to identify them and how long do you think it'll take to penalise them (if ever) given all the protracted and costly legal wranglings which will ensue? If you're claiming they're all incompetent then who's responsible for making the money now and what do we do about them? Do we reward them accordingly or penalise them for the actions/failures of others? If we do the latter, what's to stop them taking their money making abilities to those banks (including all the foreign owned ones competing to fill the vacuum) they currently compete with and who will pay them pretty much what they ask for? If they do that, RBS will suffer and we don't get our Billions back. How does that help the taxpayer?
It'd be really nice to rewind the tape but we can't.