Barclays Defies Curbs On City Bonus Culture

[Pindar]

What's the problem?

So long as

- any profits dependent on state support (eg the various boe liquidity programs) are clawed back for the taxpayer

- the books are subject to forensic scrutiny

- any fraudsters revealed by this jailed

they can do what they like.

Not when it's my money they can't. The money will never be clawed back for the taxpayer because the deal was designed by bankers to pay for their excesses and negligence.

The day the taxpayer sees a penny back is the day that death and taxes are a thing of the past.

At least when the Swedes bailed out their banks back in the 1990s, they had the good sense to make it conditional on the taxpayer owning a stake in them and of reclaiming the loans + interest.

[abharrisson]

Nonsense

Banks mark their assets at par

The ones that get seized by the FDIC are found to have assets worth only 40c on the dollar, even though they marked them to par the day before.

So all the banks that haven't been seized yet/ scrutinised - what are their assets really worth?

If the FDIC can determine what the true value of assets of seized banks is, an independent body sure as hell can do the same for the banks still out there.

utter nonsense.. they say their mark their assets at par but they don't as they have the chance to consider the wider picture and take whatever level of accurals they like and the rules are so lax banks use these to manipulate their numbers accordingly.. who is to declare what par is anyway.. it works as I said it did.... like it or not... you won't find a single UK retail bank that isn't braodly over accruing against their forecast bad debts.. they will then write this back when the bad debts don't actually make it as far as charge off.