BBC2 9pm worrying look at what happens if/when the banks fail again.......no bailout this time from us, theres nothing in the pot 

did it before , will again.. not surprise.. nature of them

Unlikely to happen again in the foreseeable future. You would not believe how risk averse the boys and girls in the square mile are these days. They are obsessed with low risk, and the compliance depts. rule the roost and are not to be argued with.
People are leaving just because it has become an utterly tedious place to spend 70 hours per week.
But of course that doesnt sell papers or raise viewing figures.

It can never be completely safe BJ. It is after all a form of gambling, as is any method of making money.
When you drive to your shop in the morning you are gambling with the petrol your using, because if no customers turn up to buy anything today you have wasted it and lost the gamble.
The penalty for individual traders for heavy or sustained losses is the sack, simple as that.And if that happens they have zero chance of being re- employed on another trading desk. That is one of many reasons why there is huge pressure involved.
The kind of pressure you or I are unlikely to understand or come close to experiencing.
When senior management make mistakes on a large scale- Fred the shred for example - its a different matter of course, just like it is in most workplaces or industries. The blame then gets pushed down the line.
Dont forget who set up the whole aneamic regulatory system will you ? your fellow countryman, the financial genius, who saved the world.
FYI. I was a HBOS shareholder, so I wasnt immune from what happened. But then again the shotgun wedding between HBOS and Lloyds was also arranged by that same financial genius, and it has been an utter disaster for all involved.

Banjax wrote on 19. Jan 2011 at 08:16:



It's so easy for the banks BJ......They "casino gamble" with OUR money.......if they win it's big bonus time.....if they lose....they come crying like little children to us the taxpayer...please help mummy... ....What sort of capitalism is that?...

Opti wrote on 19. Jan 2011 at 11:21:





I dont want to go into specific details of banking and rules.. but the days of easy sweet profits are long gone.. in order to pay your interest andtheir expenses, banks must give credits , jump in the markets I'm afraid no other way..  and you cant win anything if you stay in your hot office , playing with the computer and talking to the dear

As I have said before - you bitter, twisted,jealous,headline reading, non thinking individuals who blame the banks for everything thats wrong with your life and everyone elses life - if you want to get your own back - buy some bank shares ( they are dirt cheap at the moment) - sit on them for 10 years, and then cash them in -KERCHING !

No ? too scared ? ah well, just carry on whinging then.

Opti wrote on 19. Jan 2011 at 11:21:

I would bet good money that you wouldnt recognise the names of the majority of the financial institutions in London.
The vast majority of them didnt take a penny of taxpayers money.
When they win, they are paid a lot of money - 50% of which goes directly to the treasury.
As I said earlier, if they  lose they get sacked and are unemployable, unless they are at boardroom level.
They have contributed countless billions to the treasury and UK economy as a whole for many many years. The problems of the last couple of years (where some of them have been propped up by the taxpayer) originated in the U.S. and was a direct result of politicians steering their financial sector in the direction of lending money to people who couldnt afford to pay it back.
The taxpayers currently own a lot of shares in some big banks, and if the treasury play their cards right, we taxpayers will reap a huge return on that investment in the mediem term.