Saturday, Jul 03, 2010
Makes those 'Mafia' union guys look like chumps
The Sunday Times: The Sunday Times Rich List 2010: fortunes of super-rich soar by a third
dated april 25, 2010
More controversially, a host of City bankers and financiers have seen their fortunes rise sharply after the financial system was rescued from meltdown by taxpayers.
Louis Bacon, the hedge fund manager, is ranked 49th at £1.1 billion, up from £650m last year; Alan Howard, who co-founded Brevan Howard, Europe’s biggest hedge fund, is ranked 66th with £875m, up from £375m; and numerous other “hedgies” have seen their wealth jump by 50% or more. At the height of the financial crisis, one hedge fund manager, Richard Chenevix-Trench, is believed to have made £82m in one year.
At least 170 people on the list made their fortunes primarily in finance and banking, compared with 246 through property and 229 through inheritance.
Posted by novice pete @ 12:08 AM (1533 views) Add Comment
15 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. novice pete said...
Yo, lets get some!
2. Crunchy said...
My favourite album. Pure class.
Mainstream slavery or your freedom stack? Errrr!!!
3. stillthinking said...
The UK banking sector has had 500 billion pumped in as support and they haven't written down any losses, should we be surprised?
4. simon68 said...
Thanks for Gordon & Tony's help....................zap the public purse to feed our loan sharks.
5. paul said...
This is the REAL black hole in public finances. The current efforts to reduce public spending are a media-induced distraction amounting to nothing compared with how much money has been blown on these guys.
6. paul said...
I also see the point about the unions - while unions are pilloried in the media for asking for money the government cannot afford, these people take what they want from the public purse and receive it on a gold plate.
7. letthemfall said...
Agree paul. The modest pay of the majority is being further restricted while the rich acquire more and more wealth, at the expense of everyone else. My fear is that this will continue and the country will regress to a pre-War state. Our best hope is public-sector strikes and general national unrest. If not I think the polarisation of wealth will continue. I would write to my MP, but he is a wealthy Tory, and I doubt there'd be much sympathy there.
8. happy mondays said...
Novice pete, great tune! How do you load up you tube on this site?
9. novice pete said...
happy mondays, just click on embed under the vid you want to post copy and paste in to your comment. I don't know
if all youtube vids have an embed code though, most seem to.
10. happy mondays said...
novice pete.. Thanks
11. happy mondays said...
like this pete...
12. novice pete said...
Happy mondays, yes, that's a good tune, hard to beat the old classics ;-)
13. mr g said...
"Makes those 'Mafia' union guys look like chumps"
A good description of Tony Woodley, Bob Crowe, et al.
14. novice pete said...
@12 mr g, maybe so but the union bosses pale into insignificance compared to the failed bank bosses imo.
15. mr g said...
@NP " the union bosses pale into insignificance compared to the failed bank bosses imo."
I agree entirely, what I find distasteful about union fat cats is their willingness to attack the system yet they live like lords themselves.