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Realistbear

Banksters Dividing Up Taxpayer Money As Bonus Frenzy Resumes

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http://www.bloomberg.com/apps/news?pid=206...id=a_cSQfirZAgM

Bonuses’ Return Makes ‘Alarm Bells Ring,’ IPPR Says (Update1)

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By Charles "Charlie" Penty

Sept. 15 (Bloomberg) -- The “rapid†return of banking bonuses in the U.K. should set alarm bells ringing because it shows policy makers have failed to learn lessons from the global financial crisis, the Institute for Public Policy Research said.

The banksters have to move in quickly on the taxpayers stimulus money or it will get handed out to someone else. If there is public money sloshing around you can bet it will be absorbed rapidly in the form of "bonuses" for passing traunches of cash between one banskter and another. As recent commentators have said: there is zero value to the public in such transactions. They are purely "bonus" generating devices.

Edited by Realistbear

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No amount of stealing is ever enough for these leach bankers.

When the next bailout arrives from Darling, they'll congratulate themselves again on a job well done.

Bankers get Money for Nothing, everyone else is in Dire Straits. :rolleyes:

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No amount of stealing is ever enough for these leach bankers.

When the next bailout arrives from Darling, they'll congratulate themselves again on a job well done.

Bankers get Money for Nothing, everyone else is in Dire Straits. :rolleyes:

This is exactly it.

Banking is effectively a closed system, which occasionally leaks some cash into the real economy.

It is a corrupt closed system. Gamblers borrow, the winner keeps the winnings, the losers go bust and push the expense onto the taxpayer.

It is socially useless and needs cutting down to size.

Edited by mikelivingstone

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