This arguement & incessant moaning is really getting to me now; am I alone?
Bob Diamond is right - bonuses should be paid and he shouldn't have to argue the toss with MPs who's major concern is pleasing a few bulgar wheat eating sandalistas rather than addressing the real issues surrounding the crash.
But, were it not for The BoE's and New Labour's and now the New Coalitions policy of keeping interest rates at near-zero banks would almost certainly have not been nearly as profitable and wouldn't warrant the bonuses received (BTW: the blog for the linked article will be added to my list soon as I sit down at a computer; would recommend to all having found it yesterday.)
So were it not for Brown jumping the balloon maker, most Banker would now be signing on, not coining in - and the blame rests firmly at the door of our lords and masters at Whitehall.
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