Bankers "need to join real world" minister says

[Monsieur Le Plonk]

i know mate, hows life at bishopsgate these days ?

Just waiting for the New Year riots to kick off in the street outside my Scottish neighbour

 

[User removed 4]

Just waiting for the New Year riots to kick off in the street outside my Scottish neighbour

 

[Dandyman]

If being an HR manager for a housing asociation is adding value to a socially vital organisation then i suppose you do "add value", basically you chose the path of coasting through your working life in a safe but ultimately boring ,unrewarding job, with a good pension at the end, i chose the other path, and for the record ive known hard times , but ive never worked for an organisation thats had to be bailed out, now or in the past, ive always CREATED the wealth that pays for people like you in the public sector, to sit there and pontificate how f***ing worthy you are , when given half the chance you'd grab a high paying job in the city with both hands , except you prefer your easy, nine to five, cushioned from the realities of actually having to make a profit existence, you just disguise it as morals.

xxx

 

[Buzzer]

xxx

Have a good one down in the West Country and say Happy Birthday to Paul from me please!

 

[Dandyman]

Have a good one down in the West Country and say Happy Birthday to Paul from me please!

 

[Lord Bracknell]

Says the bloke who works in the public sector with a very nice subsidised pension and practically zero chance of redundancy. With all due respect, you know sod all about the real world and the wealth generators that keep you in your job.

I haven't worked in the public sector for seven years. I now manage a business that employs 40 people and depends for its income entirely on its trading performance. None of us think that there is zero chance of redundancy. Far from it.

 

[Dave the OAP]

Buzzer owned by LB shock!

 

[Beach Hut]

Those railwaymen and postal workers don't have skills that are transferable and in high demand though, do they? Your comparison is poor.

Yes they do I worked for that bastardised company called British Rail and moved into the private sector with no issues at all and my skills were transferrable.

 

[Herr Tubthumper]

well it may have led many up the garden path.

tends to lead me along my coffee table.

 

[Tony Towner's Fridge]

These are the same ministers who gave nearly 150billion of our now useless Great British Pounds, to the banks with absolutely no pre-requisites or required guarantees. Anyone with kids knows you have to give money with some sort of conditions. Roll on May and a new government of some (albeit maybe limited) better ability.

Jeeezus!

TNBA

TTF

 

[Herr Tubthumper]

I take great exception to the inference that cocaine has had any bearing on my career path.

Cocaine maybe not, but for ANYONE to want to employ you there must have been some mind bending substance involved?

 

[Tom Hark Preston Park]

Yes they do I worked for that bastardised company called British Rail and moved into the private sector with no issues at all and my skills were transferrable.

Not being funny, but is that what is actally meant by 'transferable skills'? Moving from British Rail to a privatised rail company? I'd have thought it more meant moving from one industry and/or industry sector to another. For example, one of me bruvs is an air traffic controller. At one point ATCs were being actively courted for trader roles in the City on account of their ability to think quickly and make clear cut decisions under pressure. Nice bit of lateral thinking by the City IMHO.

 

[El Presidente]

There are job losses in the public sector. We've just announced 127 redundancies at our place and are budgeting for a 20% cut in funding for the next financial year, and other public sector bodies are quietly doing the same.

 

[Tooting Gull]

There are job losses in the public sector. We've just announced 127 redundancies at our place and are budgeting for a 20% cut in funding for the next financial year, and other public sector bodies are quietly doing the same.

Got to love these self-styled 'wealth creators' on here. They're doing a great job. Creating wealth for, err, themselves and their bosses.

 

[tedebear]

Heck of a lot of generalisations being offered up here on here.

If you are trading in debt which has a zero value asset attached to it, you'll have a problem. So regulation by those educated in such ways is the key, we don't need a bunch of knee jerk politicians, being fuelled by sun reading jealous lay abouts to dictate the salaries and bonuses of others just because they are jealous and believe it will in some way prevent them from doing it again....

There are an awful lot of people in private banking who were not in any way shape or form involved in the collapse, some of them are working harder and longer than any of you ever have. Just because you don't think they are making a contribution to society, doesn't give you the right to dictate their pay.

Personally there are some in banking whom I don't begrudge their £1M plus bonuses. People with £20M+ profit made ethically and legally in private banking, so personally 5% of that isn't really much...

 

[beorhthelm]

Got to love these self-styled 'wealth creators' on here. They're doing a great job. Creating wealth for, err, themselves and their bosses.

and the tax man. lets make a neat distinction: there are those organisations who's purpose is to create money, then there are those whos purpose to to spend tax revenues.

im not going to say anything of the merit of each as we need both. the army, the fire brigade, local council service for instance can obviously only existin the the latter group. without the former though they do not exist, since there is nothing to tax to pay for them. there's no difference between manufactruing or business services, they have the same intentions, to make money/wealth for the owners. everything else is secondary.

 

[Tom Hark Preston Park]

Personally there are some in banking whom I don't begrudge their £1M plus bonuses. People with £20M+ profit made ethically and legally in private banking, so personally 5% of that isn't really much...

Don't talk crap. These deals would have gone through regardless. If you genuinely don't begrudge some middleman skimming off a million quid bonus just because he/she happens to be in the right place at the right time to do what was within their job description anyways then I would humble suggest you have lost all touch with reality.

 

[tedebear]

Don't talk crap. These deals would have gone through regardless. If you genuinely don't begrudge some middleman skimming off a million quid bonus just because he/she happens to be in the right place at the right time to do what was within their job description anyways then I would humble suggest you have lost all touch with reality.

Personally I'm not going to go into the detail to point out where you are wrong, as you aren't going to listen anyhow.....I'm beyond caring what the majority of the public think anymore anyhow...

 

[Lord Bracknell]

Taxation isn't just a mechanism for funding public services. It's also a mechanism for achieving wealth redistribution.

Half the problem with the bonus makers is that they don't see the need for wealth redistribution, or the wider benefits that arise from redistribution.

 

[Tom Hark Preston Park]

Personally I'm not going to go into the detail to point out where you are wrong, as you aren't going to listen anyhow.....I'm beyond caring what the majority of the public think anymore anyhow...

Fair enough. But if you think anybody on this entire planet is worthy of a million quid bonus then you're in the same bubble of self-delusion that the recipients of these bonuses are. They/you still don't get it. There IS such a thing as society, or as you call it, 'the majority of the public'. And the level of these bonuses IS obscene. No matter how much you manage to convince yourself otherwise.