Wednesday, 11 February 2009

Bank bonuses - isn't still-having-a-salary enough?

The recent apologies of top bankers before the House of Commons Select Committee are not enough. This appalling financial meltdown, and the obscene greed that fuelled it -- for example, bankrupt Royal Bank of Scotland paid 20,000 people an average bonus of 100 grand each, in 2007 -- must never happen again.
Eastern Region Green Party says that there is only one way to guarantee that: the banks must be taken into public ownership. Not just those that are already basket-cases; all of them.
This is what the old politicians from the old parties will never dare to do, and it is why it is time for a radical change, time to get Greens elected en masse to Brussels and to Westminster, time for a Green New Deal. The public must control the banks: the government should intervene now, and simply cancel all bonuses for high-earning bankers. These people are lucky to have a job at all: where was the bail-out for the workers at Woolworths? Bankers should be glad that they are not out on the street: a salary, and not bonuses, should be quite enough for them.
To stop the plain-wrong 'bonus culture' at the banks, WE the people must control them. And not just as a temporary measure, but permanently. For otherwise, they will in future simply cream off money in the good times, and wait for us to bail them out again when they drive into the wall again...
 

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1. 2. 3. Rupert's Read: Bank bonuses - isn't still-having-a-salary enough? 4. 12. 15. 16. 17. 18. 19. 20. 23. 24.

25. 26. Bank bonuses - isn't still-having-a-salary enough? 27. 28.

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The recent apologies of top bankers before the House of Commons Select Committee are not enough. This appalling financial meltdown, and the obscene greed that fuelled it -- for example, bankrupt Royal Bank of Scotland paid 20,000 people an average bonus of 100 grand each, in 2007 -- must never happen again.
Eastern Region Green Party says that there is only one way to guarantee that: the banks must be taken into public ownership. Not just those that are already basket-cases; all of them.
This is what the old politicians from the old parties will never dare to do, and it is why it is time for a radical change, time to get Greens elected en masse to Brussels and to Westminster, time for a Green New Deal. The public must control the banks: the government should intervene now, and simply cancel all bonuses for high-earning bankers. These people are lucky to have a job at all: where was the bail-out for the workers at Woolworths? Bankers should be glad that they are not out on the street: a salary, and not bonuses, should be quite enough for them.
To stop the plain-wrong 'bonus culture' at the banks, WE the people must control them. And not just as a temporary measure, but permanently. For otherwise, they will in future simply cream off money in the good times, and wait for us to bail them out again when they drive into the wall again...
 
30. 31. 32.