He turned me into a newt
You don't look like a newt.
We need to introduce the Fred Goodwin RBS 100% Pension tax into parliament ASAP
a) If an employee has a bonus proportionate to the profits of a company they should have their pay docked if that company makes a loss.
b) Prison was good enough for Nick Leeson.
c) Asset forfeiture should have been used before "bailouts" using either the public's money or Lloyds TSB in the case of HBoS.
d) About the only knight who appears to actually have any banking qualifications works in the entertainments industry.
mark (27th February 2009)
if you actually punishing reckless risk taking, what happens to all the talent we apparently can't do without. they'd pick their ball up and pi$$ of to some other financial capital probably. More to the point, RBS and HBOS were making multi-billion pound profits AS they were being run into the ground.
The bailed out banks have been run recklessy for years and were paid bonuses linked to illusory success, that's the mechanics of the biggest credit bubble in history......how would you punish that genius ?
claw back 10 years of bonuses following the fallout of a 10 year bubble ?
the only winners there would be the lawyers, another breed we can't do without either apparently.
I'm sorry but if my employer offered me a deal with bonus package etc I wouldn't give it up either. Why should I?
He left before the banks started to fail etc so there was no mention of him having failed at anything until after the fact.
I'd love £700k a year
Nothing like a scapegoat for systemic banking failure to deflect attention from the failings of chancellor brown. Make no mistake about godwins culpability in ruining RBS into the ground, and he's an idiot for attracting all this negative publicity.
...but there were a lot of players in this crisis and all roads lead back to brown.
And the likes of brown and prescott being indignant is the height of hypocrisy...godwin and the other failed bankers were busy giving brown the headlines he craved for his miracle, ponzi economy. and he gave him a knighthood as a big, fat thankyou. it was politically expedient to not regulate properly the actions of HBOS, rbs, northern crock et al.
don't be deflected by godwins pension and browns ludicrous posturing. what a pair of twits.
Fred Goodwin got that money under the terms of his contract - why on earth should he have to be bullied into giving it back? OF COURSE he doesn't deserve that sort of money but there are many many others who have loads of bonuses etc that should never have been paid to them. It is the system and the 'light-touch' that is to blame (and it is so sad as it is EXACTLY the sort of regulation that dear Mrs T and the capitalist Tories delighted in, and should be anathema to the socialists)
the nulabour policies that are supposed to help the poor are infact policies to enrich their corporate buddies. there have also been plenty of policies to help the nulabour cronies. how things change....goodwins now about as welcome in no.10 and no.11 as herpes.
bet fred the shred isn't on mandy's christmas card list either. he was a bit perplexed that goodwin hadn't caved in.
anyone who get's two jags' granny pants in a twist can't be all bad. shurely ?
SteveT (27th February 2009)
It's the same the whole world over,
It's the poor that get the blame,
It's the rich that get the pleasure,
Ain't it all a bloody shame
Polly Toynbee's article today is interesting - in one sentance she sums it up for me:
'Sir Fred is a product of Britain's winner-takes-all culture that Labour never attempted to civilise.'
Polly Toynbee: Sir Fred's just one of millions to do better under Labour | Comment is free | The Guardian
There are currently 1 users browsing this thread. (0 members and 1 guests)