Thursday, 5 February 2009
How Can The Royal Bank of Scotland Justify Bonuses
image credit the breakthrough
How on earth can the RBSjustify the payment of millions of pounds in bonuses in any way whatsoever? This is a smack in the mouth for the taxpayer. We've been mugged.
If the government permit this then the government needs voting out.
The RBS claim that they will loose 'talent' if they don't pay the bonuses. Is this the same talent that set up miselling schemes, the foreclosure on mortgages, the pushing of current account upgrade schemes?
This news is offensive. It can only reinforce the arrogance of unscrupulous bank executives and condone their ineptitude. They are manipulating the situation to give the impression of their indispensibility and making us all look very gullible indeed.
We are all being taken advantage of. People in the banking profession should hang their heads in shame. They do nothing of real value to contribute to society. They don't make anything, they don't improve people's health, they don't educate, they don't protect.
They should show a huge amount of humility and gratitude that they are still in work. Paying RBS Bonuses is verging on theft.
The Daily Telegraph describes the feeling perfectly when they say "Bankers have descended...into public odium" I agree the paying of these bonuses stinks.