Quote:
Originally Posted by Earl of Bronze
If politicians in this country had any balls, they would stick the boot into bankers bonuses the same way congress did in the us.... If financial institutions want to pay rediculious bonuses for short-term gain, then follow the yanks lead and hit them for 85% tax on bonus payments....
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According to this that hasn't happened though:
http://www.guardian.co.uk/business/2...ks-pay-bonuses
Quote:
Just one year after receiving such massive bailouts, banks are paying their staff record bonuses on the back of soaring profits..........
.....Goldman Sachs has earmarked about $16.7bn so far this year for its staff rewards – or 47% of net revenues – along the lines of a 2000-08 average of 46.7%, according to the firm. That is estimated to average $717,000 per employee for 2009, the biggest payout in the firm's 140-year history.
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Not exactly swingeing cuts.....