They Still Don’t Get It.

In Uncategorized on August 8, 2009 at 7:36 pm

They still don’t get it.

Bankers bailed out by the taxpayer report record profits, much of which has come because of the reduction in competition. Which raised their profits whilst government guarantees kept them afloat.

Now these same dudes know that they can get away with it, why shouldn’t they try it again? After all, we know these guys are first out of the traps to tell us that it is our spending patterns which need adjustment.

Whilst we are told we need wage cuts, ‘to make us competitive’, senior bankers inform us that they need bonuses. Otherwise, it seems, they won’t be able to retain or attract ‘the brightest and the best’ in their world.

Errrm. Just who got us into this mess?


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