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Communism is not the way forward and Fascism is not the answer, but how do you get a fair distribution of wealth?
Seeing regular RBS employees earning £14,000 reliant on a 10% bonus being denied because of Sir Fred Goodwins greed is clearly wrong. But at what level up the bank is it right to allow a bonus to be paid?
And whilst the Government ploughs trillions into the banks who are reporting record breaking losses, what is being hidden is the scale of revenues being generated all the while. So how will the tax payer react when the banks generating big sums offload all the bad debts on us and keep the revenue?
So just what is the answer? Well as the Irishman replied in the depths of County Gallway when asked how to get to Dublin “I wouldn’t start from here!” And quite frankly you wouldn’t!
But here is where we are and here is where we have to get away from. Unfortunately while you have the same characters participating there is not much to convince me that the solutions will be in anyway good for the tax payer.
What we need to do is to make sure there is transparency and to remove the ability for vested interests to be rewarded.
Unfortunately the FSA are swamped and out of their depth, the Bank of England is trying to look wise after the event, and the Government are pretending it was nothing to do with them.
Guys grow up and just deal with it. Stop playing politics – this is far more serious than that!
27 Feb 2009 15:16:39