Saturday, Oct 24, 2009

Ungrateful proles should stop complaining

BBC News: Banker bonuses minute, says duke

The Duke of York has defended bankers' bonuses, saying they are "minute" in the scheme of things.
The UK's special representative for trade and investment said he did not want to demonise the financial sector and bonuses were an easy target.

Posted by shipbuilder @ 10:35 AM (1454 views)
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1. Tpbeta said...

He has a point in his own stupid way. The wider issue with bonuses was never the morality of the amount, irritating though that is, but what they were for - unwarranted risk taking on the financial markets instead of investment in the real economy. That's never been more true than now when QE has driven up the stock market while the real economy is starved of credit.

Saturday, October 24, 2009 10:50AM Report Comment

2. paul said...

In other news, the Duke of York is being considered for a non-executive directorship with SomeBankOrOther plc.

Its all so terribly predictable and see-through nowadays.

Saturday, October 24, 2009 10:54AM Report Comment

3. letthemfall said...

I prefer the Prince of Wales pronouncements myself.

Saturday, October 24, 2009 10:57AM Report Comment

4. crunchy said...

Inspector-How many people did you kill?


Inspector- LOL, That's minute. Look at Jeffrey Dahmers record.


Inspector- Looking at the grand scheme of things your free to go back to work. Let me get a police escort to take you there.


Inspector-Now promise me you will not to do it again.

Suspect-Well that would be like throwing the body out with the bath water. I agree!

Inspector-The cars here, now get back to work.


Saturday, October 24, 2009 11:12AM Report Comment

5. mr g said...

Just more bullsh*t from self serving parasites who are so out of touch with the man or woman in the street that they might as well be on another planet.

A bit like Jack Straw on question time>

Saturday, October 24, 2009 11:36AM Report Comment

6. happy mondays said...

The duck would say this, his earnings are probably comparable ...sorry did i say duck !

Saturday, October 24, 2009 11:53AM Report Comment

7. crunchy said...

The Duck of Yoke is a block, an out of touch overpayed joke.

He's ten thousand men will be up and down again, feathering their nests untill we are broke.

Saturday, October 24, 2009 12:23PM Report Comment

8. mark wadsworth said...

It's always useful to put these things in perspective:

Total increase in UK residential property values 2000 to 2007 = about £3,000 billion, largely tax free.

Total bankers' bonus paid out in UK 2000 - 2007 (according to The Sun) = £50 billion, subject to approx 50% average tax rate.

I think the only reason that the Home-Owner-Ists have turned on the banks is because the banks are no longer inflating the house price bubble, so by and large it's hypocrisy.

Saturday, October 24, 2009 12:33PM Report Comment

9. crunchy said...

Last one.

After Fergie everything is a drop in the ocean.

Toe sucking aside.

Saturday, October 24, 2009 12:39PM Report Comment

10. timmy t said...

This is a great way for the royal family to endear themselves to the man on the street. Shows a complete lack of understanding of life for the masses. I agree with letthemfall - Charles is in a different league.

Saturday, October 24, 2009 12:49PM Report Comment

11. rumble said...

Mark, could you put the banker bonuses in perspective considering tax donations...

Saturday, October 24, 2009 01:03PM Report Comment

12. mark wadsworth said...

Rumble, I don't understand your question.

Saturday, October 24, 2009 02:04PM Report Comment

13. Eternal Sceptic said...

There may be an element of truth in what the Duke of York says, insofar as the obscene bonuses go to a minute percentage of the payroll in the average bank. A little more transparency from the banks, as to how many people receive high bonuses, would enable the disgust of the average person to be targeted far more accurately.

Saturday, October 24, 2009 02:11PM Report Comment

14. gone-to-colombia said...

The original lightweight

Saturday, October 24, 2009 03:17PM Report Comment

15. Charlie Brooker said...

Note how the bankers have to roll out blur bloof defenders this week?

Lord Griffiths earlier this week and now The Duke of Pork.

Saturday, October 24, 2009 04:24PM Report Comment

16. montesquieu said...

Come on, all those years of in-breeding what do you expect? They are all a complete pack of morons, his mother is a rare 'pass' in the IQ stakes but look at the complete idiot she married ...

Saturday, October 24, 2009 05:04PM Report Comment

17. clockslinger said...

Well, if you have a population that is more likely to turn on itself in a frenzy of Islam hatingthan turn on the super rich, this is the kind of provocative crap those m*th&%f#ck%rs in the ruling class can get away with saying. If he had one iota of respect, let alone fear, of the poor, ordinary, passive conumer drone, fat boy York wouldn't dare utter this kind of thing outside mummy and daddy's drawing room in Windsor. Time for a Republic? Kalashnikov, not a vote, is what is required...and a working class again willing to finish what was started in this country three hundred and fifty years ago.

Saturday, October 24, 2009 06:15PM Report Comment

18. rumble said...

Mark, your 0.8% estimate - you're agreeing that it's minute?

Saturday, October 24, 2009 06:46PM Report Comment

19. Fritzlange said...

First Lord Griffiths of Fforestfach of Goldman Sachs says we should "learn to tolerate inequality" to achieve prosperity for all [xxxxing for virginity/murdering for pascifism?] then the Dick of Yorkie Bar says that $6 billion in bonuses for gambling on the stock exchange with public guaranteed money instead of lending to businesses is just fine.

Do these guys WANT a revolution???!

Saturday, October 24, 2009 08:24PM Report Comment

20. Bean Man said...

bring on the revolution.

Sunday, October 25, 2009 06:01AM Report Comment

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