Have they leaned nothing or do they just think we're stupid.

[Castello]

At the risk of upsetting a few contributors by going on about banks, bankers and their bonuses, I present two items of recent news one followed by the other. Coincidence or a green light given and received loud and clear?

Coalition decides to soft-pedal on bankers' bonuses | Business | The Guardian

Barclays bonus pot unveiled

As the Guardian said today 1.5 billion is a third of what the country pays for University teaching. Makes you wonder why students dont riot?

Have fun

 

[cannedheat]

Don't give a shit.

 

[Buzzer]

Don't mean to be rude matey but its Friday night and this is a BHA forum. You've obviously got lots to say about politics but this forum has been chocka full of this crap for weeks.

How about taking a break from the soapbox and get down and funky on the music thread?

 

[brighton bluenose]

The answer is in the way you have spelt 'learned' !!!!

 

[beorhthelm]

As the Guardian said today 1.5 billion is a third of what the country pays for University teaching.

ou could look on the bright side, its also £600million to the exchequer in tax and the rest spent in the economy, rather than sitting on a balance sheet.

 

[Bigtomfu]

ou could look on the bright side, its also £600million to the exchequer in tax and the rest spent in the economy, rather than sitting on a balance sheet.

This.

 

[Chicken Run]

Don't give a shit.

This!

 

[Stoo82]

The banks going broke is not the reason Britian is f***ed. The reckless spending of money we did not have by the previous government is.

Governments don't have their own money. Only ours.

 

[Tricky Dicky]

The banks going broke is not the reason Britian is f***ed. The reckless spending of money we did not have by the previous government is.

Governments don't have their own money. Only ours.

The whole situation was not caused by one single factor, of course, things just aren't that simple. Certainly we as individuals had many years of borrowing beyond our means, whether it be by 6x mortages I always felt at the time that the loan companies offering loans to people with CCJs, was just asking for trouble.

Then you certainly have the global aspect, whether its US banks lending to sub-prime - very little chance of getting their money back, but the markets being global, this affects us as much as them

Definitely some of the markets were/are under regulated and monitored, and for anyone working in the city, they will push the envelope to the limits - if they go beyond, of course, that woud be illegal (e.g. Madoff).

The goverment of the day must bear some of the responsibility, too, but then there is the natural financial cycle as well - we were due for a dip, but everything combined produced one far deeper than we have seen for a long,long time.

Just my view, as a "city" worker - even if I'm only in IT.

 

[Half Time Pies]

The current economic problems and every other period of recession we have ever experienced has been caused by one single factor: the fact that private organisations (the banks) are able to create 'new' money, lend in to the economy and collect interest on it.

The fact is that 200 billion of 'new' money is created by private organisation's and lent in to the economy each year and this credit expansion is ultimately responsible for boom and bust.

Until the law that makes it illegal for us (and the banks) to print £5, £10, £20 notes is updated to include the digital, electronic money that now makes up £97 out of every £100 we will continue to suffer the same economic problems.

Positive Money —

 

[Half Time Pies]

The current economic problems and every other period of recession we have ever experienced has been caused by one single factor: the fact that private organisations (the banks) are able to create 'new' money, lend in to the economy and collect interest on it.

The fact is that 200 billion of 'new' money is created by private organisation's and lent in to the economy each year and this credit expansion is ultimately responsible for boom and bust.

Until the law that makes it illegal for us (and the banks) to print £5, £10, £20 notes is updated to include the digital, electronic money that now makes up £97 out of every £100 we will continue to suffer the same economic problems.

Positive Money —