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Bank bonuses
Every article that mentions bank bonuses anywhere in the western world makes reference to retention of talent as the main purpose of keeping bonuses. Just where exactly is this 'talent' going to go? Are we not hearing of thousands of banks, stock-brokers and finance graduates on the dole? I think it's worth the risk! Let them go!
I agree!
I agree - where is all this "talent" going to go if they don't get their bonuses? The traders could probably sell cars or work at estate agents but the rest of them do not have any skills that could work in other industries. This is blatantly the old boys club protecting themselves from being exposed as just ordinary people who only deserve ordinary compensation. The banking system will not collapse if we stop paying excessive bonuses, we can manage to run a much more important industry, the NHS, without paying extortionate sums of cash. It's time we removed the shroud of secrecy that hangs around the banking industry.
But where has all the profit come from!
Paying bonuses is all very well, or not, as the case may be, but I am not clear on what 'profits' these bonuses are being paid. If these profits are so enormous that substantial bonuses can be paid, why have these profits not been ploughed back into the business as a 'bale out'
And where has all this 'profit' come from? Have the banks been selling things, have they been trading in things (or imaginary things) or have they been printing it? In my feeble-minded way I always assumed that if someone has made a profit, then someone has made a loss, or at least paid out for something i.e. an exchange of money has taken place. So, who has made the loss or paid the money?
I suspect, like in so many things, it is us lowly taxpayer who has footed the bill!!
bank bail out
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