observer Posted October 16, 2009 Report Share Posted October 16, 2009 Notice US banks are planning a $billion dollar bonus payout to staff following an upsurge in profits - shouldn't any profits be paid back (with interest) to the tax-payer who bailed them out; and will Brown an Co be legislating to curb this bonus culture over here? Quote Link to comment Share on other sites More sharing options...
Guest tonymailman Posted October 16, 2009 Report Share Posted October 16, 2009 Bonuses for doing WHAT exactly ?? screwing the worlds finances up and destroying peoples livelihoods ? string the lot of 'em up ! Quote Link to comment Share on other sites More sharing options...
observer Posted October 16, 2009 Author Report Share Posted October 16, 2009 Agree with your sentiments, but Governments, despite virtually owning these banks, can't seem to enforce the will of ordinary folk upon their gready and irresponsible practises. Quote Link to comment Share on other sites More sharing options...
asperity Posted October 16, 2009 Report Share Posted October 16, 2009 Well if the government hadn't given the banks our money in the first place this problem wouldn't be arising Quote Link to comment Share on other sites More sharing options...
observer Posted October 16, 2009 Author Report Share Posted October 16, 2009 .... and recession would have turned to depression, with the dominoe effect of financial failiure impacting on most of us much more heavily. It's quite possible, IF they do it right, that our (tax-payers) investment in saving the banks could provide a usefull return in the future - meanwhile, they've got to curb their excesses. Quote Link to comment Share on other sites More sharing options...
asperity Posted October 16, 2009 Report Share Posted October 16, 2009 We will never know if your theory is correct. I believe that if market forces had been allowed to prevail then the failed banks would have been taken over by strong ones. Some people would suffer obviously because you can't make an omlette without breaking eggs, but surely it would be the irresponsible who had overextended themselves by over borrowing who would be brought back to earth with a bump! Quote Link to comment Share on other sites More sharing options...
observer Posted October 16, 2009 Author Report Share Posted October 16, 2009 Another "great depression" scenario then? What I do fail to understand is, how bankrupt individuals, having borrowed and borrowed, appear to get their debts written off? Quote Link to comment Share on other sites More sharing options...
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