Discussion in 'Current Affairs, News and Analysis' started by Hippohunter, Feb 24, 2017.
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Hard but fair
It's the same old, same old. One rule for us, another for themselves. As soon as a banker get the boot, s/he has dosh heaped on her/him to "make the transition easier". How come the same sort of rule doesn't apply to laid-off dock workers or builders?
Until the UK gobment gets around to banning comercial banks from investment transactions, nothing will change. It'd also be a very good idea to ban equity and hedge funds from operating here too. Along with all the rest of the finance shysters who produce nothing useful to society.
You have to have large capital projects to develop your society. No one has the funds to pay for it up front, so in order to build your hospital, power station, reservoir, waste treatment plant, school, housing development, shopping mall, motorway, airport infrastructure, rail routes and stations and any number of other capital projects, you need to finance them.
Otherwise you'd be living in a hovel with a midden for sewerage, horse and cart for transport and nobody smart enough to work out to improve things.
Do you think Elon Musk has enough money in his arrse pocket to pay for Tesla? But he's fixing the reliance on fossil fuels. Not entirely without problems, granted, but he's making a difference, and he's got to borrow to make it on a grand enough scale for it to work.
The banking system is a pariah, but is a necessary thing. A necessary evil, if you will.
Unless of course you have a Communist economy. Then you just end up realizing your mistake and revert to Capitalism, but decades behind.
There'll all twunts.
I used to do ok with investments with HBOS-------but they sacked all the "advisors".
Put some dosh in with RBS 5 years ago.
first year------minus 2 %
second year minus 2%
Some one must have complained------------dodgy product-----Got £9g (taxible)---
Not working is it ?
What state would it be in with less competent staff?
BANKERS BLAH BLAH MONEY BLAH FAIR SHARE BLAH BLAH BLAH
The only people who seem to be saying that with any regularity are the assorted CEOs, who strangely enough sit on each other's pay panels and rubber stamp each other's bonuses.
Given the phenomenal rise in CEO's pay over the last fifteen-twenty years one would have thought that a golden age of prosperity would have engulfed the western world. But no, who'd have thought?
Remind me how much the Rev Flowers of the Co Op was paid?
And we know they are less competent by what measure ?
Are we paying a lot of money for it, in effect, to die more slowly ?
Bugsy's life in a nutshell.
Does RBS make or lose money by sponsoring the 6N?
The answer should be obvious, but many things fail to follow logic.
We aren't paying any money.
Nobody profits directly from sponsorship, but they will measure things like brand awareness and positivity ratings, and have some idea how that impacts their bottom line.
If you let RBS collapse, which would be the consequence of stopping shareholder (taxpayer) support you would probably cause another banking crisis. It is generally understood that this would not be a good thing.
I suspect the harsh reality is that no one wants the RBS loan book at any price....
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