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Offcial Statement From Cameron: No Limits On Bankster Bonuses

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Goverment will not limit banks' bonus pools - spokesman
16:29, Monday 10 January 2011
LONDON (
Reuters
) - The British government will not set limits on the total amount of bonuses banks can pay their staff this year, a spokesman for Prime Minister David Cameron said on Monday.

:angry: :angry: :angry:

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So, its out in the open now: we are now under the rule of the Banksters.

The best I can do is to transfer my account from Natwest to Nationwide who fiddle with the housing data...................................

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I watched Miliband briefly this morning. He was saying that it's not fair that the bankers are being taxed to help out the situation.

I am a Tory at heart and always have been, but have learned today they look after the rich. It's truly sickening to watch.

I will be voting Labour next time for the first time in my life and i suspect as things get worse and people suffer with bankers still living high on the hog that the polls will swings to Labour.

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This might trigger off some real anger--I am starting to think the Koalishon may not last much longer as the Libdems will not want to be associated with this kind of appeasement toward crooks.

I have tended toward Tory support most of my life and I may vote UKIP next time as I can't bring myself to support Millipede and his Champagne socialist /speed camers rip off/ PC pain in the ****/ hoity toity/ toffee arsed/ stuck up fools.

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The City is competing with Wall Street. If we do any harm to crown jewel industry we are all fked. Fact of the matter is that its the only lucrative industry we have left. Lets say the subprime worked out, we would all be toasting the city for their major gains in the us markets. Yes The City do have us by the short and curlys and I'm not say its right but is just is the way things are. None of this surprise me one bit.

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I watched Miliband briefly this morning. He was saying that it's not fair that the bankers are being taxed to help out the situation.

I am a Tory at heart and always have been, but have learned today they look after the rich. It's truly sickening to watch.

I will be voting Labour next time for the first time in my life and i suspect as things get worse and people suffer with bankers still living high on the hog that the polls will swings to Labour.

Tory is anagram of TROY - the stooges!

Con-server!

Edited by erranta

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I watched Miliband briefly this morning. He was saying that it's not fair that the bankers are being taxed to help out the situation.

I am a Tory at heart and always have been, but have learned today they look after the rich. It's truly sickening to watch.

I will be voting Labour next time for the first time in my life and i suspect as things get worse and people suffer with bankers still living high on the hog that the polls will swings to Labour.

As pointed out, its practically the only industry we have left.

I also dont see the logic in voting for the party that bailed the banks out in the first place, surely you should be voting for someone completely different if the bank bail out is such a sore issue for you?

Edit: i should point out that whilst i dont work for a bank, i think its akin to communism to dictate to private companies what they can and cant pay. The labour govt should perhaps have stipulated different demands when bailing out individual banks, but they didnt, and its a bit late to start cryin about spilt milk now...

Edited by Henrik

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I watched Miliband briefly this morning. He was saying that it's not fair that the bankers are being taxed to help out the situation.

I am a Tory at heart and always have been, but have learned today they look after the rich. It's truly sickening to watch.

I will be voting Labour next time for the first time in my life and i suspect as things get worse and people suffer with bankers still living high on the hog that the polls will swings to Labour.

For God's sake Neil, are you being ironic, have you been away since 1997, or what? For what it is matters, I am a lifelong Socialist and yes, agreed, the Tories are the party of the rich. But Nu Lab are going to do something about it? Purleeeze, they had the chance. Do you think voting in a different party to administer the raping of society by the international banking plutocracy will make any difference? You might get a few years of slight mitigation in the pace of transfer of money and power from poor to rich at best, and even that is unlikely with Milksopband at the helm of the opposition. You are suffering from the comforting illusion that you live in a society where, if you don't like something, you can vote to change it!

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The City is competing with Wall Street. If we do any harm to crown jewel industry we are all fked. Fact of the matter is that its the only lucrative industry we have left. Lets say the subprime worked out, we would all be toasting the city for their major gains in the us markets. Yes The City do have us by the short and curlys and I'm not say its right but is just is the way things are. None of this surprise me one bit.

Wall street may be populated by soon to be convicts.

hundreds of thousands of fraudulent MBS with no stock, shorting interested parties with insider info....when TSHTF, bankers will be the scapegoats.

And, if Uk banksters wish to leave...let them. We live in a global economy.

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I dont really care about bank bonuses.

Its the subsidies that bother me. The SLS, the FSCS, the SMI.

I really dont mind bonuses in private industry, what irks me is that the Banks masquerade as wealth creating private industry, not the corporatist public entities they now are.

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I watched Miliband briefly this morning. He was saying that it's not fair that the bankers are being taxed to help out the situation.

I am a Tory at heart and always have been, but have learned today they look after the rich. It's truly sickening to watch.

I will be voting Labour next time for the first time in my life and i suspect as things get worse and people suffer with bankers still living high on the hog that the polls will swings to Labour.

I always thought that was what the tories were for. :blink:

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As pointed out, its practically the only industry we have left.

I also dont see the logic in voting for the party that bailed the banks out in the first place, surely you should be voting for someone completely different if the bank bail out is such a sore issue for you?

Edit: i should point out that whilst i dont work for a bank, i think its akin to communism to dictate to private companies what they can and cant pay. The labour govt should perhaps have stipulated different demands when bailing out individual banks, but they didnt, and its a bit late to start cryin about spilt milk now...

Bailing the banks is one thing, but to let them continue like nothing has happened. It's the levy that leaves the bad taste, or lack off. My job has took a 40% cut in wages,conditions are draconian while the big nationals profits increase.

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The only way around this is to sell your home/boat etc to a rich investment banker...or get them to employ you in a cushy cleaning/caretaking etc job.

Make their money work for you. ;)

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For God's sake Neil, are you being ironic, have you been away since 1997, or what? For what it is matters, I am a lifelong Socialist and yes, agreed, the Tories are the party of the rich. But Nu Lab are going to do something about it? Purleeeze, they had the chance. Do you think voting in a different party to administer the raping of society by the international banking plutocracy will make any difference? You might get a few years of slight mitigation in the pace of transfer of money and power from poor to rich at best, and even that is unlikely with Milksopband at the helm of the opposition. You are suffering from the comforting illusion that you live in a society where, if you don't like something, you can vote to change it!

Hence i said, i will be voting Labour. They all spout bullshite and i wouldn't trust them one bit, but this particular bit about a levy i like the sound of and think it's fair. I don't think i will be the only one either, the polls will show i'm sure over the coming months.

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Bloo its dog eat dog. Some wall street bankers get caged for fraud and others will take their place. People complain about shtty Indian call centres when they ring for service or shoddy Chinese goods. You think that's bad. Do you think chindia doesn't want to step into cdos and finance? If we castrate The City it will move to Shanghai, Beijing or Mumbai. Angloamerica and chindia are competing machines that will move from bubble to bubble ravaging and plundering all in its path. The city is not just the devil we know its OUR devil. Wake up sweety.

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As pointed out, its practically the only industry we have left.

I also dont see the logic in voting for the party that bailed the banks out in the first place, surely you should be voting for someone completely different if the bank bail out is such a sore issue for you?

Edit: i should point out that whilst i dont work for a bank, i think its akin to communism to dictate to private companies what they can and cant pay. The labour govt should perhaps have stipulated different demands when bailing out individual banks, but they didnt, and its a bit late to start cryin about spilt milk now...

Whilst I agree that there is little you can do about bonuses at the private banks, Rbs and Lloyd are different matters. The taxpayer has huge equity stakes. Those at these banks should pay the price of failure. No bonuses whilst they are above water due to taxpayer funding.

It will be good to see how many leave as a result of this policy, let's put the argument that banks will suffer if they lose their staff to the test. I think we know that the banks will do well, and probably end to helping to drive down prices charged by other private banks.

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Bloo its dog eat dog. Some wall street bankers get caged for fraud and others will take their place. People complain about shtty Indian call centres when they ring for service or shoddy Chinese goods. You think that's bad. Do you think chindia doesn't want to step into cdos and finance? If we castrate The City it will move to Shanghai, Beijing or Mumbai. Angloamerica and chindia are competing machines that will move from bubble to bubble ravaging and plundering all in its path. The city is not just the devil we know its OUR devil. Wake up sweety.

Im sorry, but exactly how much NET has the financial industry ( shadow banking) contributed to the tax take of the UK?

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UKIP and BNP must be rubbing their hands with glee.

One decision after the other goes to push the majority of working people of the UK further and further into a big hole.

The only way out is for more immigration and more invented money.

We really need a total change of direction and government, one way or the other people will realise this.

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The City is competing with Wall Street. If we do any harm to crown jewel industry we are all fked. Fact of the matter is that its the only lucrative industry we have left. Lets say the subprime worked out, we would all be toasting the city for their major gains in the us markets. Yes The City do have us by the short and curlys and I'm not say its right but is just is the way things are. None of this surprise me one bit.

Well, I can see the apparent logic of your position...but I suspect it is only apparent! First, what percentage of overall tax take does "the city" contribute? Secondly, how much would that reduce in the face of real regulation, not just of pay (which is a tiny sideshow) but of real regulation of investment banking, like on leverage on lending and things like mortgage lending criteria? If you can't come up with a figure, we can't begin to guess how "fked" we would allegedly be if we put the banks back where they belong (...errr..maybe at the service of society or something deeply unfashionable like that.)

Your position also seems to suggest that biotech, engineering and manufacturing cannot substitute banking, which tends to make Germany look a bit of an enigma.

Most importantly, isn't there a more important question, notably avoided by our enlightened leaders. Are we "better off" living in a society where we are expected to live under the dogma of laissez faire capitalism with all that entails for civic life, community, hegemony and simple human well being, yet then fund some odd form of inverted socialism from our taxes (and forgo a job, health care on the NHS, a decent state pension and less access to education) when the bets the elite placed don't pay off ? If you can help with the above and the answer to the last question is "yes", well then yes, we are "fked" and the only proper job in town is in financial services.

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As pointed out, its practically the only industry we have left.

Agreed its almost the only industry that is left, destroying the other industries that are left. When the City wins, every one else looses. I very much doubt any new wealth is generated, not for the UK at any rate.

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Bloo lets say the net is nil or negative tax receipts. Game over? Shall we just kill the city now? We may have lost battle but the war goes on. We can't just cash in our chips after a losing round. The money spent on the bail out can only be recovered on the global market. The stronger The City is the better equipped it will be to repay its debts and then some. There are some undoubtedly bad people out there but at the end of the day the city either delivers or needs to be best placed to deliver. Mistakes were certainly made WITH wall street nd the city but now is not the time nor thus is place to punish them. The question is do you want your bailout money back it NOT?

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Bloo lets say the net is nil or negative tax receipts. Game over? Shall we just kill the city now? We may have lost battle but the war goes on. We can't just cash in our chips after a losing round. The money spent on the bail out can only be recovered on the global market. The stronger The City is the better equipped it will be to repay its debts and then some. There are some undoubtedly bad people out there but at the end of the day the city either delivers or needs to be best placed to deliver. Mistakes were certainly made WITH wall street nd the city but now is not the time nor thus is place to punish them. The question is do you want your bailout money back it NOT?

You are Boris aren't you? Can I collect my £10?

Please explain exactly how the City creates new wealth for this country, and not just for itself. And not just tax receipts.

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Stockholm Syndrome.

Now 100% clear (if there were any doubt at all before) that govt. of all stripes is run by and for the banksters and the elite.

If Vince doesn't resign he's a *****.

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  • 311 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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