If the bright ones at RBS dont get paid what they know their market value is they will go to work for other banks so it will be harder for us to get our billions back from the profits.
If gormless had his way and put tight limits on all bonuses in London,the talented people in London would move to New York/Hong Kong/Moscow etc,so the country would lose the best talent from the only industry which has made the country any serious money in the last 20 years.
Which is why Gormless tried to get his ideas implemented globally.unfortunately for him the other countries concerned saw how dumb his idea was and laughed at him.
I think we have discussed this once or twicw before.

Nope,when wall st. sneezed,London caught a cold,thats how it works.Its all about confidence.The fact is that the boom that we have all enjoyed for the last decade has been purely due to the money being made in the city,which allowed a lot of cheap borrowing.Gormless telling everyone that it would last for ever as he had abolished boom and bust is what caused people to borrow money they couldnt afford to pay back. He also used his influence to lean on people in the banks to keep lending in such a manner even though many of them had reservations about it.
It was always going to happen,it was just a matter of when,and how bad it would be,but when it did happen it was his handling of the economy which made it a lot worse in this country than almost every other country.
He said we would be the first out of recession,fact is most other countries are now out of recession but we are still in it up to our necks.
Anyone who doubts that it takes talent to make millions in profit for an financial institution should go and try it,if it was that easy we would all be doing it.

you really dont have the slightest clue what you are talking about optimist. Politics of envy coupled with absolutely no knowledge of the subject whatsoever.

I agree that it takes talent to make millions ---- but also feel that greed did get the better of many --- high risk equals the potential for high return ---- but when it went t*ts up we all started to pay for it except the bankers.  In this credit crunch economy ( of whatever making) most of us are facing nil or even negative pay agreements this year, mass job losses..... yet the bankers get mucho grande bonus payments!!! 

Yes, it was all handled badly by the govt. but the banks are hardly blameless.

I will allso freely admit to knowing b. all about the subject --- doesn't alter my gut feelings though!

why should they get what they want ? they get paid hundred k or more a year for doing a job they applied for !they say they will go and work for another bank .how can they there is not any jobs out there !they  need to get off their high horses and come down to the real world .they don't have to worry about where thier next mortgage paynents coming from or the gas or lecy bill .brown is a coward and dare not say boo to anyone .what a laugh

Opti wrote on 06. Dec 2009 at 13:59:

May I refer you to my answer to your previous post.

p j morgan wrote on 06. Dec 2009 at 14:01:

If they have a good reputation they will walk into another job.A bank will simply elbow someone with a not so good reputation to make room for them.Its dog eat dog,levels of pressure and stress that most of us couldnt contemplate.which is why 3 young traders in their 20,s in the last 3 or 4 years ,have gone to the top of the building they worked at and threw themselves off.