Wednesday, 21 January 2009
Banking Crisis What Crisis? Bonuses All Round!
One thing that I find difficult to stomach is the obscene bonuses and salary packages awarded to top bankers by their colleagues despite the little problems that seem to be causing everyone else such trauma. There should be an angry mob of RBS shareholders outside Sir Fred The Shred's swanky Edinburgh pile, threatening "direct action" if the arrogant greedy cunt (close friend of Gordon's until very recently!) doesn't hand back several of the millions of pounds of bonuses he collected whilst fucking up the bank through his vanity and hubris. Then the mob should turn on the auditors, and then the overpaid but useless regulators at the FSA.
Badger and McBroon claim that they do not have any control over bankers bonuses, despite pouring shedloads of taxpayers money in to prop them up.
However, they should have control over the 100% nationalised Northern Crock. And what do we have at Northern Crock - a 10% bonus for every employee. Nice enough for the average banker on £22,000. Fucking Nice One for the cunts at the top on £700,000.
Have Northern Crock made a profit? Nope - this nice little earner, £8.8 MILLION in all, is because by an aggressive policy of repossessions they have achieved a target of paying back to the Treasury some of the taxpayers cash used to bail them out. More bonuses will be triggered if further pay back targets are met.
I wonder if Northern Crock are going to continue aggressively throwing folk out of their houses, or will take notice of Gordon's requests for clemency? And thereby risk missing out on more bonuses? What do you think?
Posted by Hacked Off at 14:53