February 9, 2009
Banks know no shame
Story link: Banks know no shame
The British Financial Industry is not doomed, but it may as well be. Tax payers are constantly footing the bill for a range of banks that are going bust, only to be shot down when they require credit.
Meanwhile, banks are trying to keep their costs low, by paying some around 20,000 of their employee’s huge bonuses, some stretching to six figures!?
The crass behaviour of Britain’s financial aristocracy rivals the last of the Bourbons. Marie Antoinette famously patronised the Parisian mob with her ‘let them eat cake’, while dining in luxury in the Tuileries.
The City bankers who ruined their banks but have been kept in employment by the taxpayer now demand we pay them their bonuses to maintain the aristocratic lifestyle to which they have become accustomed. They know no shame and take no blame. They are lucky the British have no guillotines in stock.