Quote:
Originally Posted by Ramrod
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But it's more fun calling all bankers crooks because some were and ignoring the facts. Why not hand over control of and the profits/taxes derived from an essential industry to people in other coutries? While we're at it we'll also make sure that the state owned banks never prosper and have no chance of paying the money they owe the taxpayer back. I mean that wouldn't be chucking the baby out with the bathwater in any way would it?
By most reasonable accounts I've heard, Stephen Hester is doing a good job trying to drag RBS out of the mire and GET OUR MONEY BACK but why not just treat him like a crook too and penalise him for what was allowed to happen?
Getting tough with the rules (which Labour should have done via the FSA and BBA but didn't) is great but it needs to be global. Taking back bonuses in respect of failures is fine (
and is being done), but forcing banks to pay bigger up front salaries which can't be clawed back in the event of failure is utter nonsense.
I wonder how many of the football fans amongst our ranks would like to see their precious teams decimated by European remuneration caps which led to their best players going elsewhere in the world to earn more money.