Watched Dispatches on Channel 4 last night - this episode was called "Britain's Bankers: Still Cashing In". It was a rather interesting investigation into the financial rewards given to Britain's top bankers, particularly to those whose banks had to be bailed out by the Government (with our money). They also tried to to break down the complex pay packets of these former leading bankers.
It really made my blood boil. For a start, most of these incompetent bastards have failed to apologise for the mess that they have created; secondly their remuneration package is way out order. How can you pay a top executive hundreds of thousands of pounds and not make them accountable for their actions? However the icing on the cake was the revelation that all these greedy so-and-so's are still raking it in, thanks to over-generous pension pots.
I am incredibly annoyed by all this because our remunerations are performance-related, however these top bankers can cause all this damage but they won't be punished financially in any way.
Why can't we reclaim some of their wages back? Surely they can't have spent all this money already. Let's get some of this money back, I say - certainly it wouldn't be enough to cover the public deficit that the taxpayer is now looking at but probably it would go some way towards diminishing Joe Public's anger against the financial services sector in general.
And why can't we take away their pension packages? We can't because apparently "the Government said that it's up to these banks to withdraw these benefits". Hang on a minute!!!! And who exactly is these banks' majority shareholder??? It's the Government itself!!! So effectively the Government (as majority shareholder) could scrap these pension packages... but just won't. And why won't they? Because they're spineless? Or because traditionally there is a considerable amount of back-scratching going on between these top bankers and the Government?? Or because Scottish dog doesn't eat Scottish dog?!?!
Getting outraged like I did if you watched this programme is not a matter of being a die-hard commie, or anything as terrible as that. It's a matter of common sense and decency, something that this Government seems to have lost a long time ago.
It really made my blood boil. For a start, most of these incompetent bastards have failed to apologise for the mess that they have created; secondly their remuneration package is way out order. How can you pay a top executive hundreds of thousands of pounds and not make them accountable for their actions? However the icing on the cake was the revelation that all these greedy so-and-so's are still raking it in, thanks to over-generous pension pots.
I am incredibly annoyed by all this because our remunerations are performance-related, however these top bankers can cause all this damage but they won't be punished financially in any way.
Why can't we reclaim some of their wages back? Surely they can't have spent all this money already. Let's get some of this money back, I say - certainly it wouldn't be enough to cover the public deficit that the taxpayer is now looking at but probably it would go some way towards diminishing Joe Public's anger against the financial services sector in general.
And why can't we take away their pension packages? We can't because apparently "the Government said that it's up to these banks to withdraw these benefits". Hang on a minute!!!! And who exactly is these banks' majority shareholder??? It's the Government itself!!! So effectively the Government (as majority shareholder) could scrap these pension packages... but just won't. And why won't they? Because they're spineless? Or because traditionally there is a considerable amount of back-scratching going on between these top bankers and the Government?? Or because Scottish dog doesn't eat Scottish dog?!?!
Getting outraged like I did if you watched this programme is not a matter of being a die-hard commie, or anything as terrible as that. It's a matter of common sense and decency, something that this Government seems to have lost a long time ago.
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