I'm confused about the bankers.

parsi

The PS takes a lot of **** in this forum. Self-employed folk take **** also. Welfare recipients take a lot of **** in this forum. It's rarely checked. So to add balance I'm asking these questions :

Like a lot of employees I've had a significant pay cut since this banking crisis occurred.

I see that a fortune of my tax is going to bail out the banks and their buddies.

I see that we're all asked to work our fingers to the bone.

I also see that the bankers got a pay rise last year.

I also see that the bankers still open up shop at 10:00 (10:30 on Wednesdays) and close at 16:00.

I see that the bankers had an extra day off at Christmas and still (2000 years later) get a day off to commemorate a crucifixion .

I also see that their head boys get massives bonuses and payoffs which would make a major dent in the finances of the SNAs for schools (currently 3 year backlog in some places).

I'm wondering why is the banking sector exempt from the sacrifices all other PAYE workers have had to make over the past few years ?

Plazaman

Nay lowly worker, how dare you question the Status Quo. There's legal implications involved.

If only the Government and the taxpayer owned the banks, only then could they...........ahem

If only the Government were are to make the laws of this country then..........


OK I got nothing.

ArtSmart

Love that Plazaman

was thinking of it myself today.

have to say i think it's just straight-forward 'mindset', that hasn't changed (and not just in the banking sector)
anyone remember the interview with the bank chief who's wages were dropping from 2.2 mil to 1.75? the guy was practically in tears at his loss.

they're outside the normal societal loop. and that's where they'll stay for quite a while yet.

hinault

ArtSmart wrote: »

Love that Plazaman

was thinking of it myself today.

have to say i think it's just straight-forward 'mindset', that hasn't changed (and not just in the banking sector)
anyone remember the interview with the bank chief who's wages were dropping from 2.2 mil to 1.75? the guy was practically in tears at his loss.

they're outside the normal societal loop. and that's where they'll stay for quite a while yet.

Brian Goggin Bank of Ireland CEO.

Gumbo

Just to add abit of fair balance to the OP's post, the banks might open at 10am But the staff are there since 9am or before getting the place ready for public opening.

Also when they close, staff still have to cash up and sign off on tills etc.

fred252

why in god's name is Mike Aynsley getting paid €1 mill to run Anglo? it isn't even a bank anymore, it has no deposits ffs.

what could he possibly be doing in this shell of a bank to justify €1 million?

sollar

I still think people just can't quite grasp the problem of the banks. If there was a clear solution the people would be calling for it.

Its very simple and easy to shout 'cut the public servants pay', or 'cut the dole' etc so the masses shout it from the roof tops.

They don't know what exactly to shout about the banks.

amen

They don't know what exactly to shout about the banks

thats not true.

When the news first came out about Anglo we had an interesting discussion in work and I suggested we nationalise it (and any other banks affected) in effect burning the share/bond holders while protecting depositors( I had shares in several banks, pensions funds with banks etc). I was told I was mad, wouldn't happen it yet several years later here with nearly all the main banks nationalises yet we are paying its debt. We should have just let them go.

No need for a government so support private bond holder debt.

Tora Bora

sollar wrote: »

I still think people just can't quite grasp the problem of the banks. If there was a clear solution the people would be calling for it.

Its very simple and easy to shout 'cut the public servants pay', or 'cut the dole' etc so the masses shout it from the roof tops.

They don't know what exactly to shout about the banks.

You are right. They do not know what to do about the banks.

However, they should know, that a significant number of top bankers during the mess, should now be doing hard, hard labour in jail.
Wouldn't make one whit of difference to the financial state of the economy, but it would send out a signal. Fcuk the lot of them. Suspend the constitution if necessary. Lets see them in chains, cleaning up the streets and roads. 15 hour day. 7 day week. No breaks. Soggy bread. kick up the hloe, every ten minutes. All their assets seized.

Triangla

parsi wrote: »

The PS takes a lot of **** in this forum. Self-employed folk take **** also. Welfare recipients take a lot of **** in this forum. It's rarely checked. So to add balance I'm asking these questions :

Like a lot of employees I've had a significant pay cut since this banking crisis occurred.

I see that a fortune of my tax is going to bail out the banks and their buddies.

I see that we're all asked to work our fingers to the bone.

I also see that the bankers got a pay rise last year.

I also see that the bankers still open up shop at 10:00 (10:30 on Wednesdays) and close at 16:00.

I see that the bankers had an extra day off at Christmas and still (2000 years later) get a day off to commemorate a crucifixion .

I also see that their head boys get massives bonuses and payoffs which would make a major dent in the finances of the SNAs for schools (currently 3 year backlog in some places).

I'm wondering why is the banking sector exempt from the sacrifices all other PAYE workers have had to make over the past few years ?

Maybe ask The Department of Finance, that fine bastion of public sector knowledge.

dan_d

+1

But the answer you'll get is "but what good will that do us?"

Not a lot necessarily, but it'll make a whole lot of people feel that bit better!! And why the hell not? It's been 2 and a half years of reports, one criminal investigation, and some NAMA comments - and...nothing.Zilch! Only now are there vague reports coming out of NAMA that they will be taking houses etc from developers to offset loans. (ie they'll have to move into smaller houses!) But most of them will be employed by NAMA and will have a job (which is more than I can say). We got nothing here.

Though I was interested to read the following earlier today....

http://news.eircom.net/breakingnews/19469823/?view=Standard

You're absolutely correct in your post OP. Revenge it may be, but honestly, heads need to roll over this. An example HAS to be set. These guys played fast and lose with personal money and regulations.It's not good enough.And if we sit back and let them away with it, it WILL happen again in the future.

later12

dan_d wrote: »

These guys played fast and lose with personal money

Indeed, although I think you mean something else. but in fact you're correct.

1. Developers played fast and loose with their money.

2. When that ran out, the Government played fast and loose with public money.

3. Developers did not have the power to make this decision, even if one argues that they influenced it (contentious)

Therefore, developers did not play hard and fast with public money.

dan_d

Thank you for the correction....should have re-read before posting!

However, it doesn't change my original point - burn them at the stake!!:D:D

fly_agaric

later10 wrote: »

Therefore, developers did not play hard and fast with public money.

but were well able to lobby for their tax breaks I'm sure!

However (as I'm sure they would say), tax is evil burden we all must fight to throw off, an interference in the "free market" that has no connection whatsoever to the spending of "public money"!

biscuiteater

didn't Irish politicians get money from developers and banks hide their money over seas. so perhaps it's now they are paying back the people (developers&bankers) who helped them via the tax payers.
know nothing about politics but that's what it looks like to me

whiteonion

Irish bankers are obviously among the most incompetent in Europe, they should have zero salary due to their incompetence.