Bankers versus Governments -Bonuses etc
So can the major governments dictate to the banks on how to reward their staff and waht businesses they should be in? I doubt it very much. If the banks don’t generate profits from astute investment skills, then governments lose tax revenues, businesses cannot borrow money and the economy stagnates or continues to flounder. Leave the banks to do what they do best. By all means banks should learn the principles of sound lending, but apart from that all this rhetoric, particularly in the UK, where the parties are canvassing your vote in the impending election, the banks are being used as the scapegoat for government failings.
Gordon Brown speaks at conference
Well it was bound to happen, I suppose. Gordon Brown (reaction man) got up and spoke a load of drivel about what they labour party would do in the next government to rescue Britain (again) from the mess they put the country in , in the first place…. The usual vote sweetners such as doing more to help old people , and teeange girls who don’t seem to be able to show any self restraint in getting pregnant, in order to get a council flat and all that goes with it. He now says they should be given sheltered housing and be guided by social workers to give them help to cope.
This is wrong, they should all be given compulsory education on how to say “no” or at least how to use contraception, so that the problem would not exist.
Having a pop at bankers’ bonuses , and what they see as popularist policies are the short term neverland policies of a government who have run out of ideas.
Bring on the next government, and let’s see what they can do. Labour have never changed in decades….despite the spin…they have always cocked up the UK economy….
