Can I am getting your affiliate link to your host? I wish my website loaded up
as fast as yours lol

RBS is an opportunity lost – the first action on behalf of taxpayers should have been total closure of its Defined Benefit Pension Scheme (Final Salary) to new and existing members, in addition to which no bonuses should have been payable until and and unless the existing Pension deficit has been cleared. The second action should have restricted its Mortgage Lending so that the money lent was money that RBS and associates was holding on behalf of Depositers – the Bank should not have been allowed to borrow from Money Markets or other third party resources. Thirdly no lending money against Priciple Residence to enable Buy to Let. If allowed to continue, Buy to Let mortgages only at Commercial Rates of Interest. Fourthly Government should bring in Law for the forseeable future, that allows UK Residents only to purchase Residential Property, or Commercial Property with potential to be converted to Residential. Yes this would cause some that have borrowed foolishly into negaitve equity, but that needs to be addressed sometime.I have much to say, but the first thing Government should have done when they took office was ……………. Close all Defined Benefit Final Salary Schemes to new and existing Members. Not just the Public Sector, but as mentioned above (RBS), Private Sector as well. If you are interested in seeing how such schemes can be used for personal benefit why not check out the Pension being accrued by the CEO of Nationwide Building Society.(The ‘We’re on your side’ slogan is as bad as ‘We’re in this together’. Right! More to say if anyone is interested. Last thing for now – in some of the copy above, the BBC was referred to as potentially ‘The Ministry of Truth’. Just check out its pension deficit, and the number of Scheme Trustees that cannot be impartial because they are members of the scheme. If Defined Benefit Pensions are not stopped, at least cap the salary to (say) £20,000 per year, to stop all those on excessive gravy train benefits from further ruining the UK Economy. Let them take risks with the stockmarket and interest rates like the rest of us.

hehe… very good. I enjoyed – ta!

Mr Hester’s bonus was to be paid in shares. If I were awarded a bonus in shares, it would be an incentive to work hard and ensure the share value increased. This seems to work well at John Lewis Partnership.

RBS made many redundancies during the course of the last year, a necessary move but it would be a tad crass for the man making those redundancies to then accept a bonus having caused ex-employees such misery.

Quite odd to have two opposing views, but I think declining the bonus was the right thing to do after making those redundancies.

bill40:
You hurt James Delingpole’s feelings?

Legend.

And then Fox news will claim that 250K is not excessive for the Wall Street banksters.

http://www.huffingtonpost.com/2011/03/04/jon-stewart-teachers-walls-street-fox_n_831243.html

A good point Robin, which basically says that a sizeable proportion of the UK population is hardly ever likely to “get it”.

Perhaps many people will only ever truly wake up from their delusions of rentier grandeur when the whole thing completely falls apart. At that point though, who knows who they will blame for the mess.