TeaFan Posted January 11, 2011 Share Posted January 11, 2011 It's business as usual for the banking sector who brought financial disaster on this country - despite all the Tories' and LibDems' talk on curbing the excesses of the investment banking industry, they've now decided that there should be no controls at all on banker's bonuses (paid for in many cases with our money) http://www.guardian.co.uk/politics/2011/jan/10/banks-unlimited-bonuses-ministers This at a time when most people in the country are seeing real decreases in their standard of living and services to the most needy are being cut. Absolutely disgusting. Apparently personal responsibility is outmoded; you can take massive risks with money in pursuit of your own financial gain and when that goes wrong expect to be bailed out by the taxpayer AND keep getting paid huge amounts of money while the government makes everyone else pay the price. This is the government + the banks vs. the people. The people are justified in taking direct action against the government and the banks. Link to comment Share on other sites More sharing options...
Kaimani Posted January 11, 2011 Share Posted January 11, 2011 unless the ALL governments of the world 'take action' it'd be a disaster if the UK did it on their own. basically, the bankers do have the government by the 'nards. Link to comment Share on other sites More sharing options...
taxman Posted January 11, 2011 Share Posted January 11, 2011 But.....being tough on bankers' bonuses was one of the main planks of the coalition agreement. You aren't seriously suggesting they are going back on their word are you? Link to comment Share on other sites More sharing options...
Mecky Posted January 11, 2011 Share Posted January 11, 2011 It's not even a surprise, I told everyone what was going to happen to the banks when Northern Rock started having problems. Link to comment Share on other sites More sharing options...
alchemist Posted January 11, 2011 Share Posted January 11, 2011 Good grief, you honestly expected a politician to carry out a pledge did you? Unless of course that pledge was to screw the public and line their own pockets Link to comment Share on other sites More sharing options...
dell12 Posted January 11, 2011 Share Posted January 11, 2011 Shameful. Those that had nothing to do with the crises are the ones paying for it, while the perpetrators get away scot free. That said I never expected the Tories to unduly burden their core supporters. We can add it to the list of other broken promises: EMA Top Up Fees Control orders and now Bonuses Link to comment Share on other sites More sharing options...
HeadingNorth Posted January 11, 2011 Share Posted January 11, 2011 It's business as usual for the banking sector who brought financial disaster on this country... ...except that it isn't. That sector is being clobbered by a levy on balance sheets. Had you read the article to which you linked, you would know that. Link to comment Share on other sites More sharing options...
dell12 Posted January 11, 2011 Share Posted January 11, 2011 ...except that it isn't. That sector is being clobbered by a levy on balance sheets. Had you read the article to which you linked, you would know that. The tax cut from a £3.5bn levy to £2.5bn levy? Link to comment Share on other sites More sharing options...
HeadingNorth Posted January 11, 2011 Share Posted January 11, 2011 The tax cut from a £3.5bn levy to £2.5bn levy? No, a raise from a zero levy. Link to comment Share on other sites More sharing options...
dell12 Posted January 11, 2011 Share Posted January 11, 2011 No, a raise from a zero levy. Ok if we're going to split hairs: The reduction from the £3.5bn one off tax (which Milliband claims would be extended) to a £2.5bn levy? Link to comment Share on other sites More sharing options...
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