Saturday, Oct 24, 2009
Ungrateful proles should stop complaining
BBC News: Banker bonuses minute, says duke
The Duke of York has defended bankers' bonuses, saying they are "minute" in the scheme of things.
The UK's special representative for trade and investment said he did not want to demonise the financial sector and bonuses were an easy target.
Posted by shipbuilder @ 10:35 AM (1005 views) Add Comment
20 Comments
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1. Tpbeta said...
He has a point in his own stupid way. The wider issue with bonuses was never the morality of the amount, irritating though that is, but what they were for - unwarranted risk taking on the financial markets instead of investment in the real economy. That's never been more true than now when QE has driven up the stock market while the real economy is starved of credit.
2. paul said...
In other news, the Duke of York is being considered for a non-executive directorship with SomeBankOrOther plc.
Its all so terribly predictable and see-through nowadays.
3. letthemfall said...
I prefer the Prince of Wales pronouncements myself.
4. crunchy said...
Inspector-How many people did you kill?
Suspect-One
Inspector- LOL, That's minute. Look at Jeffrey Dahmers record.
Suspect-Wow
Inspector- Looking at the grand scheme of things your free to go back to work. Let me get a police escort to take you there.
Suspect-Great!
Inspector-Now promise me you will not to do it again.
Suspect-Well that would be like throwing the body out with the bath water. I agree!
Inspector-The cars here, now get back to work.
Suspect-Great!
5. mr g said...
Just more bullsh*t from self serving parasites who are so out of touch with the man or woman in the street that they might as well be on another planet.
A bit like Jack Straw on question time>
6. happy mondays said...
The duck would say this, his earnings are probably comparable ...sorry did i say duck !
7. crunchy said...
The Duck of Yoke is a block, an out of touch overpayed joke.
He's ten thousand men will be up and down again, feathering their nests untill we are broke.
8. mark wadsworth said...
It's always useful to put these things in perspective:
Total increase in UK residential property values 2000 to 2007 = about £3,000 billion, largely tax free.
Total bankers' bonus paid out in UK 2000 - 2007 (according to The Sun) = £50 billion, subject to approx 50% average tax rate.
I think the only reason that the Home-Owner-Ists have turned on the banks is because the banks are no longer inflating the house price bubble, so by and large it's hypocrisy.
9. crunchy said...
Last one.
After Fergie everything is a drop in the ocean.
Toe sucking aside.
10. timmy t said...
This is a great way for the royal family to endear themselves to the man on the street. Shows a complete lack of understanding of life for the masses. I agree with letthemfall - Charles is in a different league.
11. rumble said...
Mark, could you put the banker bonuses in perspective considering tax donations...
12. mark wadsworth said...
Rumble, I don't understand your question.
13. Eternal Sceptic said...
There may be an element of truth in what the Duke of York says, insofar as the obscene bonuses go to a minute percentage of the payroll in the average bank. A little more transparency from the banks, as to how many people receive high bonuses, would enable the disgust of the average person to be targeted far more accurately.
14. gone-to-colombia said...
The original lightweight
15. Charlie Brooker said...
Note how the bankers have to roll out blur bloof defenders this week?
Lord Griffiths earlier this week and now The Duke of Pork.
16. montesquieu said...
Come on, all those years of in-breeding what do you expect? They are all a complete pack of morons, his mother is a rare 'pass' in the IQ stakes but look at the complete idiot she married ...
17. clockslinger said...
Well, if you have a population that is more likely to turn on itself in a frenzy of Islam hatingthan turn on the super rich, this is the kind of provocative crap those m*th&%f#ck%rs in the ruling class can get away with saying. If he had one iota of respect, let alone fear, of the poor, ordinary, passive conumer drone, fat boy York wouldn't dare utter this kind of thing outside mummy and daddy's drawing room in Windsor. Time for a Republic? Kalashnikov, not a vote, is what is required...and a working class again willing to finish what was started in this country three hundred and fifty years ago.
18. rumble said...
Mark, your 0.8% estimate - you're agreeing that it's minute?
19. Fritzlange said...
First Lord Griffiths of Fforestfach of Goldman Sachs says we should "learn to tolerate inequality" to achieve prosperity for all [xxxxing for virginity/murdering for pascifism?] then the Dick of Yorkie Bar says that $6 billion in bonuses for gambling on the stock exchange with public guaranteed money instead of lending to businesses is just fine.
Do these guys WANT a revolution???!
20. Bean Man said...
bring on the revolution.