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  #11  
Old 19th August 2013, 11:51 AM
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talking about salarys and bonus's...
id be intrested in knowing how much rail bosses are getting,
considering once again for the 8th year or so running,
theyve massively raised trains fares yet again, making it in some cases,
far more expensive than a relative journey in sweden for example....

ive had to turn down job interviews, simply because i cant afford to get to the interview, if out of brum,,,,once again,,,insanity.
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  #12  
Old 19th August 2013, 02:21 PM
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It's always somebody elses fault, but it is NEVER the fault of those at the top. Even though top management have seen their incomes rise over 4,000% in the last 30 years.

In the past, top management were paid high wages to reflect their RESPONSIBILITY. They are in charge of thousands of people, they have to make very important decisions with far-reaching consequences. But that also meant that they were the ones that took responsibility for when things go WRONG too.

Nowadays, the executive class are happy to take massive rewards in the form of eye-watering salaries and giant bonuses, even when their companies under-perform, but they refuse to take responsibility when the sh*t hits the fan.


The government have announced that they are dropping an investigation into KPMG over the infamously bent 'Al Yamama' arms deal with saudi. this involved millions of pounds in bribes to saudi officials to sign off on the biggest arms deal in british history. KPMG were the auditors who ignored these payments and signed off the accounts. The government department that made the decision is overseen by an ex KPMG manager.
Spot on comrade.Even if these clowns get the boot they get a massive pay off,gold plated pension (real gold plated pension,not like the ones cleaners and caretakers get which the tories said were gold plated) share options and fk knows what else.In the meantime they've introduced legislation to make it more difficult for the average Joe to claim unfair dismissal.Bstards,the lot of 'em.
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  #13  
Old 19th August 2013, 03:26 PM
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Word comrade

The banks have been playing pass-the-parcel with packages of toxic debt for nearly 30 years, creaming off a layer of 'profit' each time.

But when the music stopped, and the final layer was removed, there was nothing in the parcel after all. even though the executives have enriched themselves from essentially and empty pot.

The banking system is monopolized by the 5 major banks. each one of them are trading illegally because they are essentially insolvent.

As you know, the band were forced into insolvency by the trustees because there wasn't enough resources to pay all our debts. This is exactly the situation the banks are in, but they have been bailed out by the tax-payer, and they can borrow from the bank of england at a rate of 0 to 1% interest.

if I want to borrow money now I would have to get a payday loan at 5,000% interest.

That's called financial apartheid, one rule for the banks, another rule for every one else.
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  #14  
Old 19th August 2013, 05:50 PM
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Word comrade

The banks have been playing pass-the-parcel with packages of toxic debt for nearly 30 years, creaming off a layer of 'profit' each time.

But when the music stopped, and the final layer was removed, there was nothing in the parcel after all. even though the executives have enriched themselves from essentially and empty pot.

The banking system is monopolized by the 5 major banks. each one of them are trading illegally because they are essentially insolvent.

As you know, the band were forced into insolvency by the trustees because there wasn't enough resources to pay all our debts. This is exactly the situation the banks are in, but they have been bailed out by the tax-payer, and they can borrow from the bank of england at a rate of 0 to 1% interest.

if I want to borrow money now I would have to get a payday loan at 5,000% interest.

That's called financial apartheid, one rule for the banks, another rule for every one else.

They should have let one of the banks go to the wall & then the others would have acted very quickly to sort their affairs out pronto - that would have been the Thatcherite way to do it except the banking sector always has buddies at the top echelons of government..........
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  #15  
Old 19th August 2013, 08:01 PM
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A now we've got mark [bankers ho] carney running the bank of england.

His main claim to fame is inflating a housing bubble over in canuck land. A bubble that is just about to burst.

The very thing that triggered the 2008 crash is being used to create 'growth' in the economy. With the inevitable consequences delayed until after the next election.

With all that tory guff about 'paying down the debt' and 'you can't sort out debt problems by getting into more debt'. The reality is that the only policy of any significance that osbourne has come up with is MORE DEBT in the shape of 'help to buy'. Pretend wealth that comes from people taking out massive mortgages on over-priced houses.

When interest rates go up, as they inevitably will, house owners will be left with negative equity.

and the whole farce starts over.
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  #16  
Old 19th August 2013, 08:35 PM
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The whole problem with the banks IMO is that successive governments have failed to regulate them properly or even bother to properly understand what they're selling, largely because it is financial backing from the city of london which decides which party gets in power in the first place.

Without the (admittedly unpopular) prospect of the public purse paying for (stripped down) party political funding then there is simply no democracy at all, just an electorial pageant where the winner is always determined by whoever the city of london decides to finance the most along with whoever mr murdock decides to back at the same time.

And of course they want plenty in return for putting these actors, sorry, I mean 'politicians' in 'power' - though really our 'leaders' have little power whatsoever and are powerless in the face of big business which has got its tentacles over every aspect of public life.

And they'll get away with whatever we let them, which is more and more all the time, as they become increasingly clever at manipulating us. All this 'banker bashing' in the papers and using the city wide boys as a scapegoat is just a distraction from realising that it is those at the very top of the city of london (and other places) and the puppets they put in 'power' (who are supposed to be working for us and regulating the banks properly) that are to blame.

Last edited by hadley; 19th August 2013 at 08:47 PM.
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  #17  
Old 19th August 2013, 08:54 PM
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100% agree with that H.

but I think the writing is on the wall. They are running out of ways to keep the failed system propped up. They can't use QE forever. And when interest rates rise all the bonds that have been bought with printed money will lost their value, and the assets [property] will lose value.

It's a perfect storm.

and it's on it's way.
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  #18  
Old 19th August 2013, 08:59 PM
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Originally Posted by hadley View Post
The whole problem with the banks IMO is that successive governments have failed to regulate them properly or even bother to properly understand what they're selling, largely because it is financial backing from the city of london which decides which party gets in power in the first place.

Without the (admittedly unpopular) prospect of the public purse paying for (stripped down) party political funding then there is simply no democracy at all, just an electorial pageant where the winner is always determined by whoever the city of london decides to finance the most along with whoever mr murdock decides to back at the same time.

And of course they want plenty in return for putting these actors, sorry, I mean 'politicians' in 'power' - though really our 'leaders' have little power whatsoever and are powerless in the face of big business which has got its tentacles over every aspect of public life.

And they'll get away with whatever we let them, which is more and more all the time, as they become increasingly clever at manipulating us. All this 'banker bashing' in the papers and using the city wide boys as a scapegoat is just a distraction from realising that it is those at the very top of the city of london (and other places) and the puppets they put in 'power' (who are supposed to be working for us and regulating the banks properly) that are to blame.
Deregulation was Gordon Brown's great mistake.It's worth remembering that the tories advocate even less regulation.

Until recently I was warming to state funding of political parties.Trouble is with politics as it is we'd be funding 3 versions of virtually the same thing.Think I'll vote Plaid Cymru next time.
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  #19  
Old 19th August 2013, 10:14 PM
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At least you've got a choice tom.

'new' labour did so many things wrong that I'm gonna have a hard time putting an X next to their name come election time.

Tony's pet war in Iraq is the biggest problem of course, but gordon has got a lot to answer for too.

He did some great things, he nursed our infrastructure back to health after all those years of tories destroying manufacturing, selling off the countries assets, and criminal under-investment in schools and hospitals.

But when it came to banking and the city of london he was a fool and a liar.

early on in GB's stint as chancellor he made a speech to city fat-cats. In it he said that he was under pressure from 'everybody' to regulate, but he said regulation was the wrong move and he was determined to give the city enough 'freedom to innovate'. This was around the time that he personally opened lehmann bros new office so that they could avoid U.S. regulation and continue trading in derivatives. Shortly after lehmanns went bust.

Later, after the crash, gordon was asked in an interview why he didn't regulate. his answer was 'at the time, 'everyone was telling him NOT to regulate'.

A total contradiction of what he said before.
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  #20  
Old 20th August 2013, 04:26 PM
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Personally I'm sick of the NHS as a whole being criticised.What happened in Mid Staffs was truly terrible but to paint the whole organisation as in crisis is ridiculous.Six months ago the NHS saved my mam's life against all odds and the care she received in three different hospitals was nothing short of superb.Who cares what the Daily Mail thinks.We're lucky to have the NHS,and the people who work in it.
Be glad you have the NHS, wishes we could go back in time. The liberals in our country had the idea of changing the health system and they promissed it would get cheaper for us all. It only got more expensive and the costs tripled.
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