Disgust at the new round of banker's bonuses! Is it time to BAN bonuses for bankers?, page 1

This week, we've seen Goldman Sachs paying record bonuses, RBS doing the same and paying bonuses of up to £5 million pounds, and this only ONE YEAR after the bailout.

Are we seriously saying that the culture of gambling with our money should be allowed to go on?

Is it time to say to bankers:

Look we know you are smart, and yes you've been well trained and studied hard, but you cannot just gamble and expect the public to pay your losses.

Until we stop rewarding these pathological gamblers for gambling, and stop paying these bonuses, we'll never be safe from another crash.

If I am in any organisation except for a bank, I get my salary, and at the end of the year if I'm lucky I get a %5, %10 bonus, how can these highly paid bankers take bonuses of %100-%200+.

A salesman gets paid on commission, but if the sales fall through they get nothin, ONE YEAR after the bailout these guys are again going on as if it's business as usual while millions of hard-working decent folk are suffering.

This is so wrong, never in my life have I seen such proof of an all powerful, elitist conspiracy to rule the little folk.

What can we do to show our disgust, your ideas please!?

reply to post by kiwifoot

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You cannot have it both ways, if you live in a socialist state then sure do not give, but if you live in capitalism, which i do not think you do, give them.

I do not care what they do, but those moaning should look if they where the bankers.

Originally posted by andy1033
reply to post by kiwifoot

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You cannot have it both ways, if you live in a socialist state then sure do not give, but if you live in capitalism, which i do not think you do, give them.

I do not care what they do, but those moaning should look if they where the bankers.

Hm I live in the UK, socialist govt but capitalist economy!

I'm not saying that bankers can't be rewarded for success, but can you honestly say that one year after having to be bailed out, and bringing the entire WORLD to it's feet economically, it's fair to be paying these bonuses?

By the way i enjoy the debate mate, it's what ATS should be about!

reply to post by kiwifoot

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I am not sure if it's time to ban bonuses. But it is long past time to ban banker bailouts

reply to post by jam321

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Most definitely, I also think that these bonuses should be capped, I mean, why does someone on k500 a year need a million dollar bonus, especially if they're taking risks that they know will be underwritten by the taxpayer?

Cheers for your input Jam, I still owe ya!

reply to post by kiwifoot

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Who is going to ban bonuses? LMAO!

The american people voted for ultra-capitalism and thats what they got. Why complain now? You want socialism? People need to ask for it,or better yet demand it, before things can significantly change.

And I am not talking about bailing out banks and "too important to let die" corporations. Thats not socialism. Thats pure, unadulterated idiocy!

reply to post by Iamonlyhuman

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A "little something" that is probably relevant:

"Pro is the opposite of con. That can be plainly seen. If progress means to move forward, then what does Congress mean?" - Nipsey Russell

I'll tell you what it means...we were getting conned from day 1 but were to stupid to realise it! Good vocabulary skills go a long way to understanding a problem and then being able to communicate it.

[edit on 18-10-2009 by EarthCitizen07]

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