It's your money they are giving away.

[joe-90]

"Royal Bank of Scotland admitted on Thursday that more than 100 of its investment bankers will take home bonuses of at least £1m for 2009, a year in which the government-owned bank posted a net loss of £3.6bn."


How do you feel about them apples then?

 

[Bodgeit and scarper ltd]

I think they are going bust and are grabbing what they can, as they will not get help again. If I had money there I would get it out now.

 

[StephenW]

Tricky one.
Supposed the Investment Bank division made a profit of 10 billion (made-up figures). The other divisions in total lost 14 billion, so the Bank lost 4 billion. I'm not totally averse to paying the Investment bankers a bonus in recognition of the large contribution made, staving off much bigger losses. My caveat would be that it should be deferred until it was clear that the profits they made were not a short term thing that led to later losses.

 

[oompah]

Lloyds slumps to £6.3bn loss as bad debts balloon

The bank declined to comment on bonus payments, after it said earlier this week that Daniels had decided to waive his own bonus. It said the one-off payroll tax imposed by the government would "not be significant."

This lot are better at making losses.

 

[joe-90]

Yes but why do you believe that these 'top 100' are the only ones capable of doing the job? Why not devise a test that the public can take which shows if they have the makings of a good banker - just like a kid trialing for a football team? Then train them up on a realistic salary of 50 - 80k?

 

[oompah]

Market forces Joe although as a tax payer i'm supposed to own part of the bank in reality we get no say into how they are run,if they think that these top one hundred get a bonus all the furore in the world is not, as is being proved stop the payments.And the govenment must agree because we are being deafened by their silence.

 

[joe-90]

As they said on question time last night - sign a document saying no to bonuses - or go bust. You want public money - you sign on the dotted.

market forces have nothing to do with it. Almost anyone could be trained to do the job.

 

[oompah]

- sign a document saying no to bonuses - or go bust. You want public money - you sign on the dotted. .

But they didn't did they G Brown and is ilk jumped in feet first saved the world and did not think that any kind of regulation was needed,you reap what is sown.The government declare that the RBs is 85% percent owned, but obviously are a silent (albeit major)partner.
Bodgit and scarper has the right idea if you have money deposited with this lot think about moving it, that is probaly the best way to show your disaproval of either Lloyds or RBS.

 

[joe-90]

If you do that they'll need more public money. They are too big to allow to go under.

 

[Nige F]

Let`s all crash and burn House prices will still rise

 

[Blasphemous]

I wonder, if the Scottish parliament had fully autonomy from London, whether they would have/could have bailed out RBS?

 

[oompah]

If you do that they'll need more public money. They are too big to allow to go under.

Therein lies the problem are they polictically to big or hold such a big sway over us all that we couldn't possibly live with out them.I think its the former on question time last night it was also stated that the like of Canada nor Australia had to bail any of their banking systems out so our model of banking obviously leaves alot to be desired.