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H S B C Doubles Bankers Pay


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Why would they be? HSBC wasnt bailed out by the tax payer.

It took me a while to come around to the view that the bailout was actually systemic rather than institutional. Some institutions were merely the mechanism through which the system was bailed out.

Some say that minds are never changed on internet forums. Mine was.

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Britain has zero history of peoples revolution.

Britain has a rich history in this department but a tradition of not raising it too often in case the people get inappropriate ideas.

Eg:-

http://en.wikipedia.org/wiki/Peasants'_Revolt

http://en.wikipedia.org/wiki/Days_of_May

http://en.wikipedia.org/wiki/Invergordon_Mutiny

The elites shape national consciousness by choosing what is and isn't focussed on.

Edited by newbie
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Why would they be? HSBC wasnt bailed out by the tax payer.

Quite right JS.

All Hail senior bankers at HSBC; they are glorious & wise; their pay should be doubled every year. All Hail

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If I were you, id concentrate on doubling my own salary rather than worrying about what other people get. But this is loser Britain, and thats not how peoples minds here work.

So it's OK to dip your hands in the till as long as you own the till, even if it's full of other peoples' money? :D

Edited by Hyperduck Quack Quack
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It took me a while to come around to the view that the bailout was actually systemic rather than institutional. Some institutions were merely the mechanism through which the system was bailed out.

Some say that minds are never changed on internet forums. Mine was.

+1

This is the exact point. JS (and others like him know it but don't want to admit it). The SYSTEM failed and the weakest fell first before the government stepped in to prop up the SYSTEM. If the government hadn't acted then the next tier of institutions would have fallen and then the next eventually wiping them ALL out. HSBC and Barclays WERE bailed out. It's bl00dy simple!

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It took me a while to come around to the view that the bailout was actually systemic rather than institutional. Some institutions were merely the mechanism through which the system was bailed out.

Some say that minds are never changed on internet forums. Mine was.

Mine was as well

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+1

This is the exact point. JS (and others like him know it but don't want to admit it). The SYSTEM failed and the weakest fell first before the government stepped in to prop up the SYSTEM. If the government hadn't acted then the next tier of institutions would have fallen and then the next eventually wiping them ALL out. HSBC and Barclays WERE bailed out. It's bl00dy simple!

Can you prove it any other way than a hand waving argument, though?

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Can you prove it any other way than a hand waving argument, though?

You are joking right?

There are plenty of very good, academic and economic articles pointing to systemic risk in the Western banking system and concluding that without the intervention in 2008 the financial system would have collapsed due to contagion. In fact, I was of the impression that this was a pretty well and widely understood point.

No hand waving needed.

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  • 429 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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