The Bankers fury.

So the bank bosses are furious that the Chancellor, George Osborne is going to take an
additional £800million levy off them, making it two and a half billion pounds
per annam long term.
Not nearly as angry as the British public were when their money was handed over
willy-nilly by the government to the so called Mega banks when we bailed them
out of the hole they dug for themselves leaving us with a large deficit to
clear, and them in clover reaping disgusting bonuses.
Now they are taking the huff like babies because the government is trying to
rectify the fact that they are not paying back their debt to us quickly enough.
They are threatening to pull out of talks with the government about Project
Merlin, talks that concern their pay, bonuses and the way the banks are lending.
Until they pay back all of their debts to us, they work for us and should be
forced by the government to tow the line and do what they are told.
If they want to leave their job or take their banks elsewhere, do so once they
can call the banks their own again.
They are only Mega banks nowadays thanks to the taxpayers.

Related articles

• Chancellor raises additional £800m from bank levy (bbc.co.uk)
• Bank bosses furious about additional levy (bbc.co.uk)
• MPs close to deal to publish bankers' pay and bonuses (dailymail.co.uk)

Banks debt, taxpayers burden.

Image by Getty Images via Daylife

Once again we have the Tory and the labour parties competing to see who can con the most out of the taxpayers without it causing too much of an uproar, and to win votes, to try and clear the debt left behind by the bank bailout.
The problem I have with this is, none of them are allowing for any repayments, by the banks on the money that was classed as a LOAN!
All the calculations seem to circulate around the fact that the money given to the banks is not expected to be paid back, and is not included in any budgets in the foreseeable future, making the taxpayer liable for all the debts incurred by the banks.
The bankers are already planning on how to spend their outrageous bonuses, before any of the debt has been paid back, while we the taxpayers are awaiting the outcome of how hard our pockets are going to be hit, and for how long.
If the money owed is eventually paid back in anything up to thirty years, what happens to the money fleeced from the public, will we, or our offspring (as most of us will be dead by then) receive any bonuses from the money amassed, or will it just go into the coffers to bail the banks out in the next crisis, or be added to the bankers bonuses that will have escalated to an even more disgusting amount by then?

That controversial pension

Image via Wikipedia

I was hoping that I wouldn't have to write about this subject again but as it keeps coming up I feel the anger rise once more.
I fear, I my be repeating myself but in any other occupation if you fail or misbehave, resulting in the sack you forfeit any pension accumulated throughout your working life which is a harsh but deserved punishment. Sir Fred Goodwin has not only ruined the Royal Bank of Scotland he has also ruined the lives of hard working people who saved for a WELL DESERVED pension and now with interest rates at an all time low face financial disaster as they watch their savings disappear.
It is little wonder that 100% of the population do not want Sir Fred Goodwin to receive his £650,000 a year pension made up from their taxes.
If the taxpayer have not baled out the bank and helped to clear up the mess he left there would be no money for his pension anyway. Other people's shares disappeared and they are now left with nothing so we have to ask again. WHY IF EVERYONE INCLUDING GOVERNMENT MINISTERS ARE AGAINST THIS IS IT STILL GOING AHEAD.
There was no new contract agreed with us and as the main shareholders our wishes should be adhered to. Let him sue if he wishes he hasn't got a leg to stand on. (If the public had their way that could be literally).
As this arrogant tube is a buddy of Gordon Brown are we just being led up the garden path again?