Sunday, Oct 25, 2009
A conspiracy of pusillanimity
Observer: We can put a stop to huge, undeserved bank bonuses
"The bonuses being paid this year are not a reward for talent, but the product of taxpayer support, central bank rates so cheap they are almost free, and reduced competition."
Posted by letthemfall @ 09:12 AM (913 views) Add Comment
13 Comments
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1. enuii said...
Just so everyone knows it's a 14th century word for cowardliness, "Pusillanimity" is generally used as a noun (singular) and is only used about 5 times out of a sample of 100 million words spoken or written in English as ranked by websters online dictionary based on over 700,000 words used in the English language.
2. paul said...
Ding ding ding!
You've used the word of the day - "Pusillanimity".
(Last used in September 1834, it describes the state or condition of being pusillanimous; timidity; cowardliness.)
3. paul said...
The simplest way to stop the bonuses?
STOP QE!
4. phdinbubbles said...
Sorry
5. happy mondays said...
Nice phdinbubbles... How do you load up the you tube?
6. letthemfall said...
Good job we're all educated chaps eh? Seems an apposite word to me. I can't believe it was last used in 1834 though.
(Do we all know what apposite means?)
7. robh said...
The famous Ruttles lyric from the song 'Another Day'
At times like these
When enemies can number more than friends
A friend indeed is what I need
Not someone who pretends
NastyI'm on my way
I cannot stay
Another day
....
You're so pusillanimous, oh, yeah
Nature's calling, and I must go there
(Neil Innes)
8. drewster said...
Surely if we put a stop to bonuses, they'll just pay bankers more in basic wages instead? Or find a creative way around the system?
9. paul said...
It was last used in 1834, until Marina's broadcast.
Honestly.
10. letthemfall said...
phdin.. They'll be playing that in year 10 English lessons before long.
robh I didn't realise I was in such august company. The only Ruttles song I can remember is: I feel good, I feel bad...
paul Have I unwittingly made this site a once in a 200 year event?
drewster No doubt. Windfall tax.
11. titaniccaptain said...
Thanks PHD....I was looking for an English tutor for my daughter before her G.C.S.E.s.....come to think of it with my spelling I need one as well.
12. crunchy said...
11. titaniccaptain
Then you would be under her spell, if you are not already.
Bookends?
13. Shrubpig1 said...
No problem with bonuses as long as these people have out performed the Ftse.
Since April the ftse is up 50% so being in the game they should have out performed this. Infact Lloyds Barclays Rsb shares up 250-500% same with house builders.
What i could not stand is if they have not out performed the market and then get rewarded. Its been easy money this year. what would be good would be a rolling tally of their performance including 2008.