Today i'm disagreeing totally with david camron today he made a statement that we must go easy on the banks and not try and make them feel they caused this recession.
http://www.bbc.co.uk/news/business-12145612
How wrong could the bloke be i'm sorry but going all softly softly on the banks just tells me that the tories more than ever are in the pockets of teh bankers. The tories make a case for labour being in the unions pockets now its time to highlight the fact the tories are in the bankers pockets.
It is outragous to say that the banks didnt cause all this financial trouble. They lead the way with disgustingly large bonus's culture which rewarded failure and didnt punish if you messed up. It will show a real weakness if this government we have now goes too soft on the banks. Quite clearly the tories want to stick up for their rich mates in the city who they feel can do no wrong in their eyes. How wrong can thy be. If they cant see the real problems they do not deserve to be governing i'd go as far as to say.
Why are polititians scared of upsetting the banks and the financial sector are they scared they will up sticks and leave ? well as far as i'm concerned good ridence if they do. As i've mentioned in previous blog posts i think the way banks run themselves having a free reign over waht they seem to do and charge their customers is just not on. If they do end up leaving due to over taxation to bring our finances back on track well so be it i'm sorry. I have little sympathy for a industy which works on the idea of risk taking. With our money we wouldnt mind if it was their own money we wouldnt care less but when its public money being pumped into the system to keep them afloat we do deserve a lot better.
I do think polititians owe us something after bailing this retchid capitalist system out by pumping it full of our money coming down harder on tax avoiders and bank bonus's will win a lot of support if there was less attacks on the public sector and people on lower incomes and are less well off.
The plan to get us out of this recession is not working and its totally unfair. When will people wake up and realise this and speak up about it more ?
Showing posts with label banking levee. Show all posts
Showing posts with label banking levee. Show all posts
Sunday, 9 January 2011
Friday, 19 November 2010
why i feel the banks should suffer more
They are the people and the institutions throughout this financial crisis who have got off scot free. Anytime there is a bank that goes wrong the governemnt rush to put out its fire by throwing money at them.
The great capitilist institutions they are they should be able to look after themselves.
I say enough is enough we put up a banking levee to a good 40% i suggest and tax them through the hilt. After all we as the public deserve our money back for what we lent them when the banks needed bailing out time after time.
These are the real people who got us into the mess we are in now. Not labour not any polititian it was the banks. Their wreckless risk taking and lending of huge proportions to people who cant pay it back with huge interest rates on some mortages is just unacceptable too long now have the banks been taking the western world for a ride.
For something which started in America we must send the shockwave back the other way we wont stand for banks being wreckless with our money. Money must not be wasted on proping up banks if all they are going to do is pocket it and give themselves huge bonus' still. It is a insult to the ordinary worker in this country that their money has been spent on proping up the banking sector only for them to reward themselves bonus's.
To me bankers and stock brokers shuld get a wage which is fair to the job they do. If they do well for their job fine but no bonus's of silly nature. Any bonus's they do make the majority of it should be taxed and put back into the public coffers for reinvestment in our schools and hospitals.
I just think the banks have a nerve to hold us to ransom threatening us they will leave if we tax them too much. Sorry but if they want to leave i think we should let them. As long as we have our money back first. Then new fairer possibly even greener banks can be created with stricter rules on lending and less risk taking.
I would love to see the end of big bonus culture in this country it sends out totally the wrong message to the rest of us who are facing hard times right now.
I think capitalism is broken and the rich have no idea how to fix it so they just chuck even more money at it. This is not the answer. I do advise people to look at the New economics foundation. Please look them up they have some great ideas how to reform our banks and how to get better value for money.
right now our finances are broke and i think they will take a long long time to recover if we dont learn from our mistakes of the past.
The great capitilist institutions they are they should be able to look after themselves.
I say enough is enough we put up a banking levee to a good 40% i suggest and tax them through the hilt. After all we as the public deserve our money back for what we lent them when the banks needed bailing out time after time.
These are the real people who got us into the mess we are in now. Not labour not any polititian it was the banks. Their wreckless risk taking and lending of huge proportions to people who cant pay it back with huge interest rates on some mortages is just unacceptable too long now have the banks been taking the western world for a ride.
For something which started in America we must send the shockwave back the other way we wont stand for banks being wreckless with our money. Money must not be wasted on proping up banks if all they are going to do is pocket it and give themselves huge bonus' still. It is a insult to the ordinary worker in this country that their money has been spent on proping up the banking sector only for them to reward themselves bonus's.
To me bankers and stock brokers shuld get a wage which is fair to the job they do. If they do well for their job fine but no bonus's of silly nature. Any bonus's they do make the majority of it should be taxed and put back into the public coffers for reinvestment in our schools and hospitals.
I just think the banks have a nerve to hold us to ransom threatening us they will leave if we tax them too much. Sorry but if they want to leave i think we should let them. As long as we have our money back first. Then new fairer possibly even greener banks can be created with stricter rules on lending and less risk taking.
I would love to see the end of big bonus culture in this country it sends out totally the wrong message to the rest of us who are facing hard times right now.
I think capitalism is broken and the rich have no idea how to fix it so they just chuck even more money at it. This is not the answer. I do advise people to look at the New economics foundation. Please look them up they have some great ideas how to reform our banks and how to get better value for money.
right now our finances are broke and i think they will take a long long time to recover if we dont learn from our mistakes of the past.
Labels:
bankers,
banking levee,
capitalism,
financial crisis,
financial deficit
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