Thursday 5 November 2009

short sighted government

With some pride at their achievement the government announces that bankers bonuses for 'our' Banks are to be banned for the next three years. Big deal.
Any bet our self-seeking bankers will defer making any profits for the next three years and then wham, back on the gravy train.
So short, short sighted.
No bonuses until the bankers have repaid all the state's 'get out of jail' money, except for an interim bonus, when half the money is returned to the State, based on the interest saved. Final bonus based on saved interest assuming a 15 year payback timescale but deferred depending on a further three years of profit.

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