Omega Owners Forum
Chat Area => General Discussion Area => Topic started by: STMO123 on 10 February 2012, 18:15:21
-
When the financial crisis first kicked off, my voice was among the chorus of bank bashers. But it's all going too far. Barclays chairman, Bob Diamond, has been awarded £3 million as a bonus this year and, as usual, it's at the top of the six o'clock news. WTF has it got to do with anyone what a private company pays it's chairman? I'm sick of hearing how it's bad form when everyone else is skint. Time to stop whining and grow some balls. I would take it and give the government the two-fingered salute.
-
ah where have you been??? :y
-
Nope. Burn them at the stake. !
-
Let me see, a bank that has made multiple billions in profit, will pay probably a few billion in tax and the man at the top gets a few million bonus.
Sounds very fair to me and well done to him.
I have no issues at all with these guys getting bonuses as and when the companies do well.
-
Banking giant Barclays has posted pre-tax profits of £5.9bn for 2011
Thats a 3% drop on last year, but considering other banks, that's not a bad job! Its a private company, not owned by tax payer, so its up to them :)
-
At a time like this, when it is said to be austere, you can see how people in general, look at what they've got and haven't got, then look to others in a jealous, nasty and vindictive way. Who thinks the banks are to blame? Everyone is to blame in their own little way, but Labour in a big way.
People weren't bloody complaining about the banks and capitalism when they were getting easy credit left right and centre. They want the best of both worlds. If I successfullly ran a bank I'd want millions. Good luck to him.
It's plain for anyone to see that the establishment have deflected the blame for this 'crisis' towards the public sector, and the banks, for their own ends.
-
Let me see, a bank that has made multiple billions in profit, will pay probably a few billion in tax and the man at the top gets a few million bonus.
Sounds very fair to me and well done to him.
I have no issues at all with these guys getting bonuses as and when the companies do well.
And any intelligent,objective person would agree Im sure. :y
-
Let me see, a bank that has made multiple billions in profit, will pay probably a few billion in tax and the man at the top gets a few million bonus.
Sounds very fair to me and well done to him.
I have no issues at all with these guys getting bonuses as and when the companies do well.
And any intelligent,objective person would agree Im sure. :y
So you disagree then Albs :D
-
When the financial crisis first kicked off, my voice was among the chorus of bank bashers. But it's all going too far. Barclays chairman, Bob Diamond, has been awarded £3 million as a bonus this year and, as usual, it's at the top of the six o'clock news. WTF has it got to do with anyone what a private company pays it's chairman? I'm sick of hearing how it's bad form when everyone else is skint. Time to stop whining and grow some balls. I would take it and give the government the two-fingered salute.
He is obligated by his own name :D :D :D "poor" bankers are f**ked all the time ...
-
ah where have you been??? :y
hopefully not on a mission of bishop bashing :)
(welcome back, some have missed you)
-
ah where have you been??? :y
hopefully not on a mission of bishop bashing :)
(welcome back, some have missed you)
...don't be nice to him, he gets upset if we're nice to him. :-X
-
Labour's PR machine is by far the most effective part of their organization. Remember the Fool Brown was heading for election time when all of his and Blair's neglect, stupidity, cronyism, stealth taxes and gross public sector overspending came home to roost, to their useless administration and to all of us. Remember how the fool Brown when at the top of the economic cycle, instead of admitting he was running a deficit from gross overspending and would not balance the books, as required, over an economic cycle behaved like King Cute trying to turn back the tide, he moved the dates from what proved to be correct to incorrect ones for the last economic cycle. If the incompetent arrogant fool Brown had listened to his advisers, then we would not have the current budget deficit and would be able to apply the normal Keynesian economic stimulus to ease the effects of the current recession, but we can't as the fool has already
wasted spent the money, along with your childrens and grand children. >:( >:( >:( >:(
His piece of luck and the get out of Jail free card was that he could use the equivalent of three years worth of tax revenue that the financial services collectively pay in taxes in the UK to rescue Northern Rock (again Government incompetence made situation and losses, including shareholder losses much worse than they should have been), RBS and HBOS in the guise of Lloyds bank (saved having to admit Scottish bias). Then use the Labour PR department, to slag off all banks and banker bonuses. Should RBS and HBOS have been saved, in my view no, in a capitalist society, businesses that are badly run should fail then a receiver will sell off the profitable bits as going concerns, so the creditors get some of their money back. Without this ultimate loss if you run things badly there is no hazard from doing so. >:( >:( >:(
The other socialist machine the Blair/Brown Broadcasting Corporation BBC will make a big thing on profits and bonuses as it does not fit in with their new Jerusalem socialist ideals, which is an absolute disgrace for what should be an impartial public broadcasting organisation. Along with their nightly socialist propaganda news about the beastly Condems cuts. It is normally along the lines of... poor little Johnny who is misunderstood, and only burgles houses to feed his poor addiction, which he wouldn't have to do if his benefits were higher so it paid for his dope habit, will now disgracefully miss out on his free annual foreign holiday provided through social services, as the beastly Condems have cut the budget. It has also caused the breakup with his relationship with his sometimes girlfriend and their baby as she has told have told him no free holiday no relationship. The council's head of the Social Services said, it just show how these totally unnecessary cuts according to Ed Ball, Ed Milliband and the Unite Union are having on the most vulnerable in our society, blah, blah blah. >:( >:( >:( >:(
Barclays is like any other a privately owned company, as long as it is legal and they comply with current regulations and pay their taxes. It is entirely up to them and their shareholders to decide how much all staff are paid including bonuses. People that complain about this (including many people that run businesses that should know better) are seeking an alternative, which is that the Government decides the pay for all companies, self-employed and employees in the name of fairness. It will then be move over Cuba, and North Korea and all other third world countries as we are joining you. If you don't believe me, visit Eastern Europe to see the devastating effect the state running of industry has had on wealth creation and living standards in these countries. >:( >:( >:( >:(
Unfortunately the regulation of banks and the current regulatory body are totally inadequate. Who scrapped many of the rules and changed regulation from BOE (with good track record) to BOE / FSA which has been a disaster, yep you've guessed it, the fool Brown. >:( >:( >:( >:(
-
I think that we'd all like to work for a company that shared out some of it's profits amongst it's workers..... ???
-
Nope. Burn them at the stake. !
.......only disembowel them first as a deterrent to other greedy bankers. :y It's time bankers started to live in the real world, just like the other 99.9% of the population.
-
And what about all the people that are doing very well in their businesses and get big bonuses along with employees, like managers and footballers, should they all be disemboweled as well? :o :o :o :o
I know somebody that has worked very hard and built up a highly profitable business with his sons helping, so along with other businesses they have made him a multi-millionaire, and he has just sold the main business for £7m. Obviously one of the 0.1%, better get your disemboweling machine down there. :o :o :o :o
-
And what about all the people that are doing very well in their businesses and get big bonuses along with employees, like managers and footballers, should they all be disemboweled as well? :o :o :o :o
I know somebody that has worked very hard and built up a highly profitable business with his sons helping, so along with other businesses they have made him a multi-millionaire, and he has just sold the main business for £7m. Obviously one of the 0.1%, better get your disemboweling machine down there. :o :o :o :o
I don't have a problem with that.......but in the world of banking pay is not linked to performance. Many CEO's fail miserably yet still walk out with a seven figure bonus/pay package.
Fred Goodwin was rewarded for complete and utter failure. Not to worry though, all the cooks and cleaners barely making the minimum wage will help sort out the mess he left the country in.... :y
-
Does this mean that if these people were not able to avail themselves of such a handsome bonus they would not be inclined to do such a good job.
If that's so, does that not indicate a basic flaw in their character make-up?
Greed, avarice and self-regard will always be greed, avarice and self-regard howsoever it's dressed up. :-* :-*
-
Of course, all this suits the political classes. In the grand scheme of things, banker's bonuses are but a miniscule droplet in the ocean, but it gives the plebs something to get angry about...just so long as they don't get angry about all the billions we give to the EU, India and so on. And what about all the wasted millions on the grand NHS computer system? Oh, and the the billions being chucked at HS2?
Yep, keep bashing the bankers. You know you want to. ;)
-
Of course, all this suits the political classes. In the grand scheme of things, banker's bonuses are but a miniscule droplet in the ocean, but it gives the plebs something to get angry about...just so long as they don't get angry about all the billions we give to the EU, India and so on. And what about all the wasted millions on the grand NHS computer system? Oh, and the the billions being chucked at HS2?
Yep, keep bashing the bankers. You know you want to. ;)
Cheers Nick, I'm determinined to bash something before the night's out. ??? :-*
-
And what about all the people that are doing very well in their businesses and get big bonuses along with employees, like managers and footballers, should they all be disemboweled as well? :o :o :o :o
I know somebody that has worked very hard and built up a highly profitable business with his sons helping, so along with other businesses they have made him a multi-millionaire, and he has just sold the main business for £7m. Obviously one of the 0.1%, better get your disemboweling machine down there. :o :o :o :o
I don't have a problem with that.......but in the world of banking pay is not linked to performance. Many CEO's fail miserably yet still walk out with a seven figure bonus/pay package.
Fred Goodwin was rewarded for complete and utter failure. Not to worry though, all the cooks and cleaners barely making the minimum wage will help sort out the mess he left the country in.... :y
:y
besides if we talk internationally , big banks and their CEOs is another story..
-
Of course, all this suits the political classes. In the grand scheme of things, banker's bonuses are but a miniscule droplet in the ocean, but it gives the plebs something to get angry about...just so long as they don't get angry about all the billions we give to the EU, India and so on. And what about all the wasted millions on the grand NHS computer system? Oh, and the the billions being chucked at HS2?
Yep, keep bashing the bankers. You know you want to. ;)
Cheers Nick, I'm determinined to bash something before the night's out. ??? :-*
Do bishops get bonuses? ??? ;)
-
Of course, all this suits the political classes. In the grand scheme of things, banker's bonuses are but a miniscule droplet in the ocean, but it gives the plebs something to get angry about...just so long as they don't get angry about all the billions we give to the EU, India and so on. And what about all the wasted millions on the grand NHS computer system? Oh, and the the billions being chucked at HS2?
Yep, keep bashing the bankers. You know you want to. ;)
Cheers Nick, I'm determinined to bash something before the night's out. ??? :-*
Do bishops get bonuses? ??? ;)
In the words of that great cleric, "That would be an ecumenical matter", I would imagine.
-
Rods2 post about the arrogant ignorant pigs who were once in power in this country is very good. Now they have the nerve to try to deceive us with all their socialist claptrap, saying the opposite of what the current government does. They must think people are as thick as they are. Well they must be, to have voted them in. You might be familiar with the phrase (in the north anyway), "you could put a labour rosette on a donkey and it would get voted in". Well, it seems the donkeys are doing the voting aswell.
As Nickbat suggests, the bankers' bonuses carry on is just a distraction for us plebs to take our minds off where the real money is going.
Disband Labour, out the Lib Dems, and have a true tory party in power. Then the real social justice will prevail. Save the bankers! :y
-
Rods2 post about the arrogant ignorant pigs who were once in power in this country is very good. Now they have the nerve to try to deceive us with all their socialist claptrap, saying the opposite of what the current government does. They must think people are as thick as they are. Well they must be, to have voted them in. You might be familiar with the phrase (in the north anyway), "you could put a labour rosette on a donkey and it would get voted in". Well, it seems the donkeys are doing the voting aswell.
As Nickbat suggests, the bankers' bonuses carry on is just a distraction for us plebs to take our minds off where the real money is going.
Disband Labour, out the Lib Dems, and have a true tory party in power. Then the real social justice will prevail. Save the bankers! :y
.
It's a pity that the bankers of today are so self serving. They could learn a lesson or two in humility from some (not all) of the victorian philanthropists who went before them. :-\ :-\ :-\ :-\
-
Let me see, a bank that has made multiple billions in profit, will pay probably a few billion in tax and the man at the top gets a few million bonus.
Sounds very fair to me and well done to him.
I have no issues at all with these guys getting bonuses as and when the companies do well.
And any intelligent,objective person would agree Im sure. :y
So you disagree then Albs :D
:-X :-X ;D ;D ;D
-
Far cough,the pair of ya. :P ;D
-
Rods2 post about the arrogant ignorant pigs who were once in power in this country is very good. Now they have the nerve to try to deceive us with all their socialist claptrap, saying the opposite of what the current government does. They must think people are as thick as they are. Well they must be, to have voted them in. You might be familiar with the phrase (in the north anyway), "you could put a labour rosette on a donkey and it would get voted in". Well, it seems the donkeys are doing the voting aswell.
As Nickbat suggests, the bankers' bonuses carry on is just a distraction for us plebs to take our minds off where the real money is going.
Disband Labour, out the Lib Dems, and have a true tory party in power. Then the real social justice will prevail. Save the bankers! :y
.
It's a pity that (some not all)the bankers of today are so self serving. They could learn a lesson or two in humility from some (not all) of the victorian philanthropists who went before them. :-\ :-\ :-\ :-\
Fixed that for you Opti. :y I have given you evidence many times in the past to demonstrate that by no means all of them fit into the pigeon hole that some people would like them to. ::)
-
If you think UK banks are bad, just cast your eyes over what US banks get up to. >:(
President Obummer has just concluded a deal with the big six US banks for them to pay $25bn in compensation, for the illegal foreclosure on properties, so far so good you might say. ::)
Some will go on debt relief for current homeowners, some will go to stop the banks claiming the negative-equity sums left after foreclosure, what is left will compensate people who have lost all as the result of an illegal foreclosure. In the US when a bank forcloses, you lose everything, including any value over and above what you owe. So say, if a bank have illegally foreclosed on your property and sold it and made $100k profit, Obummer has arranged for you to be compensated you will get between $1,500 and $2,000. It could only happen in America. :o :o :o :o
http://www.nakedcapitalism.com/2012/02/we-speak-on-democracy-now-about-the-mortgage-settlement.html (http://www.nakedcapitalism.com/2012/02/we-speak-on-democracy-now-about-the-mortgage-settlement.html)
With no house and probably no job, what do you think your chances will of being able to afford to sue the bank to get the rest back are. The housing issues and the effects on the economy, still have along way to run in the US, with an expected 4 million more foreclosures and 18 million vacant properties. :o :o :o :o
http://www.mindfulmoney.co.uk/wp/shaun-richards/will-the-us-housing-market-finally-turn-for-the-better-now-and-kick-start-the-economy/ (http://www.mindfulmoney.co.uk/wp/shaun-richards/will-the-us-housing-market-finally-turn-for-the-better-now-and-kick-start-the-economy/)
-
Shamelessly stolen from elsewhere:
The current banking crisis explained by an Irishman
Young Paddy bought a donkey from a farmer for £100. The farmer agreed to deliver the donkey the next day.
The next day he drove up and said, ‘Sorry son, but I have some bad news. The donkey’s died.’
Paddy replied, ‘Well then just give me my money back.’
The farmer said, ‘Can’t do that. I’ve already spent it.’
Paddy said, ‘OK, then, just bring me the dead donkey.’
The farmer asked, ‘What are you going to do with him?’
Paddy said, ‘I’m going to raffle him off.’
The farmer said, ‘You can’t raffle a dead donkey!’
Paddy said, ‘Sure I can. Watch me. I just won’t tell anybody he’s dead.’
A month later, the farmer met up with Paddy and asked, ‘ What happened with that dead donkey?’
Paddy said, ‘I raffled him off. I sold 500 tickets at £2 each and made a profit of £898′
The farmer said, ‘Didn’t anyone complain?’
Paddy said, ‘Just the guy who won. So I gave him his £2 back.’
Paddy now works for the Royal Bank of Scotland .
;) ;D ;D ;D ;D