Wednesday, May 28, 2008
50bn bailout ensures party can go on
City "workers" have been awarded £13.2bn in bonuses so far this year, suggesting that the credit crunch has yet to be felt in the pockets of most bankers. The figure is down a modest 1% on the same stage a year ago. You have to sympathise, they are doing an important job with great personal risk, doing a hard day's work comparable to soldiers in Iraq. They really do believe it. And after all that they have to take a 1% hit.