If you can read this, either the style sheet didn't load or you have an older browser that doesn't support style sheets. Try clearing your browser cache and refreshing the page.

(Telegraph) Obvious Wow, this European debt thing must be really serious. There's talk of cutting bankers' bonuses now   (telegraph.co.uk) divider line 30
More: Obvious, European companies, Bank of England, Lloyds Banking Group, credit crunch, central banks  
•       •       •

923 clicks; posted to Business » on 01 Dec 2011 at 6:10 PM   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»   |    Get this fabulous T-Shirt and impress the methane out of your friends! shirt it!



30 Comments   (+0 »)
   
 
2011-12-01 06:14:28 PM
Good.
 
2011-12-01 06:42:49 PM
Yeah, like that'll happen.
 
2011-12-01 06:43:07 PM
I'll believe it when it happens.
 
2011-12-01 06:51:51 PM
That's a good one!
 
2011-12-01 07:05:26 PM
Don't worry, it will be bonuses all around as usual and you will pay for them.
 
2011-12-01 07:22:04 PM
i40.tinypic.com
 
2011-12-01 07:56:16 PM
Wow, when they start going after the 1% then you know know things are serious. What's next, they'll want to raise their taxes as well?
 
2011-12-01 07:57:57 PM
They announce they are going to cut banker's bonuses right after a nation-wide general strike.

This is what happens. . .

They wait two or so weeks and have some sort of sex scandal or that princess officially announces she's going to pop out one for England.

They quietly put the bonuses back in.
 
2011-12-01 07:59:40 PM
nooooooooooooooo.com

Yeah, he's the 1%.
 
2011-12-01 08:03:33 PM
Don't worry, it's not serious enough to warrant cutting government spending.

/Of course, there's no such thing these days as a crisis serious enough to warrant cutting government spending
 
2011-12-01 08:19:12 PM
Anagrammer: Don't worry, it's not serious enough to warrant cutting government spending.

/Of course, there's no such thing these days as a crisis serious enough to warrant cutting government spending


Don't worry. Your expansion austerity has already doomed Europe; although, Trichet did with interest rates already. Now Draghi off to failure :). This crisis warrants increased spending, not reduced. The Drachma will live again -- hopefully followed by the Lira.
 
2011-12-01 08:23:28 PM

I assume they'll be some type of bonus at my job only because they've laid off so many people to begin with. Plus they're cutting cost like crazy. I'd bet there would be a run of people leaving my company if there wasn't any bonus at all.


The last time bonuses were underwhelming at my job the Researchers and Sales people were running back and forth to each other's offices like children on a sugar high. On the other hand I was happy to get any kind of bonus no matter how small because before this job in Finance I worked in Retail for years and never got any kind of bonus.

 
2011-12-01 08:27:11 PM
i291.photobucket.com
 
2011-12-01 08:28:10 PM
Cutting their bonuses? Cutting their heads off with a guillotine is what should be done to bankers, hedge fund managers, stock brokers who sold derivatives and credit default swaps, and anyone involved in this mess. Let's not forget politicians.
 
2011-12-01 08:33:55 PM
And bonuses were used when people went above and beyond, an incentive to generate a profit. Now they give a bonus even when they lose money? That's BS in the first degree. If they need an incentive how about letting them keep their job.
 
2011-12-01 08:45:30 PM
Anagrammer: Don't worry, it's not serious enough to warrant cutting government spending.

/Of course, there's no such thing these days as a crisis serious enough to warrant cutting government spending


Ya, especially when the majority of economists think we should actually have more government spending to counteract the great recession we are currently in. Here's a hint, your personal household budget is in no way tantamount to a national economy.
 
2011-12-01 09:10:41 PM
KarmicDisaster: Don't worry, it will be bonuses all around as usual and you will pay for them.

Privatize the profits, Socialize the losses, it's the Capitalist way!
 
2011-12-01 11:51:49 PM
Can't we just not feed poor people for a while? Surely there's a way to save the bonuses.
 
2011-12-02 12:15:09 AM
inglixthemad: KarmicDisaster: Don't worry, it will be bonuses all around as usual and you will pay for them.

Privatize the profits, Socialize the losses, it's the Capitalist way!


We could stop bailing out banks that behave irresponsibly.
 
2011-12-02 12:47:18 AM
watson.t.hamster: inglixthemad: KarmicDisaster: Don't worry, it will be bonuses all around as usual and you will pay for them.

Privatize the profits, Socialize the losses, it's the Capitalist way!

We could stop bailing out banks that behave irresponsibly.


Exactly, how? OWS is at least trying, and many people harangue their congressperson via e-mail and whatnot, to no avail. You do realize, NO MATTER WHO IS ELECTED, the banks will be bailed out. Why do you think that might be?
 
2011-12-02 01:03:57 AM
Okay, pork belly prices have been dropping all morning, which means that everybody is waiting for it to hit rock bottom, so they can buy low. Which means that the people who own the pork belly contracts are saying, "Hey, we're losing all our damn money, and Christmas is around the corner, and I ain't gonna have no money to buy my son the G.I. Joe with the kung-fu grip! And my wife ain't gonna f... my wife ain't gonna make love to me if I got no money!" So they're panicking right now, they're screaming "SELL! SELL!" to get out before the price keeps dropping. They're panicking out there right now, I can feel it.
driftlessareareview.files.wordpress.com
 
2011-12-02 02:29:15 AM
I'll believe it when it happens.

It could happen....It's not like we are talking about American bankers after all.
 
2011-12-02 06:01:08 AM
watson.t.hamster: inglixthemad: KarmicDisaster: Don't worry, it will be bonuses all around as usual and you will pay for them.

Privatize the profits, Socialize the losses, it's the Capitalist way!

We could stop bailing out banks that behave irresponsibly.


How about we just stop bailing out any corporation that goes tits up?
 
2011-12-02 07:00:08 AM
But I need those bonuses to trickle down!
 
2011-12-02 08:29:59 AM
Arkanaut: But I need those bonuses to trickle down

The bonus cuts trickle up. I mean, employee bonuses disappear any time the market hiccups. How come these guys have been getting theirs for so long?
 
2011-12-02 09:01:25 AM
inglixthemad: KarmicDisaster: Don't worry, it will be bonuses all around as usual and you will pay for them.

Privatize the profits, Socialize the losses, it's the Capitalist way!


Even your typical wealthy investor gets to do that. Any losses at all can be "written off" against profits, and someone else pays their taxes on those profits, because they sure don't (socialism). And if they do make money, they pay at a lower tax rate on what is left after writing off losses, again, someone else pays more taxes to make up for their lower rates (the profits are privatized, they keep more). And you know that they would like to eliminate capital gains taxes completely so you can pay for that too. The middle class and poor have been subsidizing the rich for years.
 
2011-12-02 09:35:38 AM
Pincy: Anagrammer: Don't worry, it's not serious enough to warrant cutting government spending.

/Of course, there's no such thing these days as a crisis serious enough to warrant cutting government spending

Ya, especially when the majority of economists think we should actually have more government spending to counteract the great recession we are currently in. Here's a hint, your personal household budget is in no way tantamount to a national economy.


Which means we can just spend money we don't have forever.
 
2011-12-02 10:31:42 AM
readbot42: watson.t.hamster: inglixthemad: KarmicDisaster: Don't worry, it will be bonuses all around as usual and you will pay for them.

Privatize the profits, Socialize the losses, it's the Capitalist way!

We could stop bailing out banks that behave irresponsibly.

Exactly, how? OWS is at least trying, and many people harangue their congressperson via e-mail and whatnot, to no avail. You do realize, NO MATTER WHO IS ELECTED, the banks will be bailed out. Why do you think that might be?


You could put together an organization that raises money/votes for candidates who don't vote for this sort of thing. (hey, isn't there something exactly like that?)

The OWS isn't doing anything meaningful. They're camping out and having fun but otherwise wasting everyone's time because they have explicitly stated that they have no interest getting involved in politics. They give the pols a complete pass and instead blame the people who are receiving our public money, not those writing the checks.

Politicians give money to corporations because those corporations turn around and give a percentage of it back. Why do they do this? So they can get reelected. So to counteract that you need an equally powerful block that will do everything it can to hurt that politicians reelection chances should he try that. The so-called 99% doesn't have the money to compete with the corporations but they could have the votes. But to do that they'd need to be organized, educated, and politically active.
 
2011-12-02 10:33:15 AM
SDRR: watson.t.hamster: inglixthemad: KarmicDisaster: Don't worry, it will be bonuses all around as usual and you will pay for them.

Privatize the profits, Socialize the losses, it's the Capitalist way!

We could stop bailing out banks that behave irresponsibly.

How about we just stop bailing out any corporation that goes tits up?


That would be nice.
 
2011-12-03 02:57:45 AM
beta_plus: Pincy: Anagrammer: Don't worry, it's not serious enough to warrant cutting government spending.

/Of course, there's no such thing these days as a crisis serious enough to warrant cutting government spending

Ya, especially when the majority of economists think we should actually have more government spending to counteract the great recession we are currently in. Here's a hint, your personal household budget is in no way tantamount to a national economy.

Which means we can just spend money we don't have forever.


No, you raise taxes on those who can afford it.
 
Displayed 30 of 30 comments


This thread is closed to new comments.

Continue Farking
Submit a Link »