Bankers' payments may not have to be paid, says Shatter

Tora Bora

http://www.irishtimes.com/newspaper/breaking/2011/0420/breaking31.html

Interesting opinion from Alan Shatter. In short he says, even though some bankers are contractually entitled to big payments, the very fact the bankers ran the banks into the ground, they may have broken their employment contracts with the banks, and hennce their legal entitlement to some big contractual payments.
Great to hear this.

Now lets take this one stage further.

Government ministers, and top publi servants (Bertie, Biffo, McCreevy, Banking Regulator, et al) ran the country into the ground!!!!
Let the same principle of breac of employment contract with the state apply. Seize their pensions!:cool:

Scofflaw

Tora Bora wrote: »

http://www.irishtimes.com/newspaper/breaking/2011/0420/breaking31.html

Interesting opinion from Alan Shatter. In short he says, even though some bankers are contractually entitled to big payments, the very fact the bankers ran the banks into the ground, they may have broken their employment contracts with the banks, and hennce their legal entitlement to some big contractual payments.
Great to hear this.

Now lets take this one stage further.

Government ministers, and top publi servants (Bertie, Biffo, McCreevy, Banking Regulator, et al) ran the country into the ground!!!!
Let the same principle of breac of employment contract with the state apply. Seize their pensions!:cool:

So now we would need the politicians to find the political will to apply that logic to politicians, and the civil servants to find a way of legally applying it to civil servants.

Could be a long wait.

cordially,
Scofflaw

RichardAnd

Scofflaw wrote: »

So now we would need the politicians to find the political will to apply that logic to politicians, and the civil servants to find a way of legally applying it to civil servants.

Could be a long wait.

cordially,
Scofflaw

I was about to say somethign that effect. Look at his words; Bankers' payments may not have to be paid. That means very little because as Scofflaw quite rightly points out, it could be many years before anything comes of such a legal loop-hole.

Don't get exicted

bamboozle

RichardAnd wrote: »

I was about to say somethign that effect. Look at his words; Bankers' payments may not have to be paid. That means very little because as Scofflaw quite rightly points out, it could be many years before anything comes of such a legal loop-hole.

Don't get exicted

well i'd settle for Bertie's salary being held back...