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It appears that the Bankers have learnt nothing?
How would you make Investment Bankers realise public opinion on almost bringing down the World Economy while being paid vast sums for gambling with other people's money
I'd be interested to hear how bad banking wasn't a root cause on this issue. Despite what a lot of insiders say, it was easy to see the Banking (and Political) attitude to debt and it's management was likely to result in a lot of bad debt. In addition some of the practise of generating, basically worthless, pieces of paper and inter-selling them, then passing on all the liability was, at best, highly suspect. Yet these people still command huge salaries / bonuses, because they're the best people.
For what exactly?
Do you work in the city, if so answer the question; Incompetence or Malfeasance?
3 Answers
- 1 decade ago
That public Opinion which is invariably wrong, may be wrong on this occasion seems to be the culprit.
You want Banks to pay you money, for looking after your money, then they have to look at ways of investing those vast sums.
The problem is the Public want things both ways, they want good rewards, without risk. Well that costs money LOL.
Yes the Banks shouldn't be so large, but they are large because they are successful, and the Public voted in Labour, who's track record is consistent they always leave us in the Sh1t, big style.
Bringing down the World Economy, no they should have been left to go bust, and things would have corrected themselves then some sense would have entered the World.
Spineless Politicians and a Public unable to listen to what they are told.
- fritya56Lv 61 decade ago
just think of it as making the public and governments realise that there is a case for a global bank . it's coming .
