Cyprus-Forum.com

[psycho]

Now that some banks have been bailed out by the Government, will the Government issue warrants for the arrest of the managers who have miss managed the banks funds?

Will they be asked to pay back the massive bonuses that they've paid themselves over the last 5 years?

Can any assets purchased with the bonuses be seized?

Some of the fat cats have had bonuses in excess of a million pounds which has probably been spent on flash cars and huge houses, all now to be paid for by us - the tax payer.

If a surgeon phucks up an operation he is struck off and usually sued, why can't bankers have the same treatment?

This must go down as the crime of the Century.

While writing this the Bank of England have just cut interest rates by 1/2 % - more doom and gloom for savers.

[cyprusgrump]

Now that some banks have been bailed out by the Government, will the Government issue warrants for the arrest of the managers who have miss managed the banks funds? NO.

Will they be asked to pay back the massive bonuses that they've paid themselves over the last 5 years? NO.

Can any assets purchased with the bonuses be seized? NO.

Some of the fat cats have had bonuses in excess of a million pounds which has probably been spent on flash cars and huge houses, all now to be paid for by us - the tax payer.

If a surgeon phucks up an operation he is struck off and usually sued, why can't bankers have the same treatment?

This must go down as the crime of the Century.

While writing this the Bank of England have just cut interest rates by 1/2 % - more doom and gloom for savers.

[purdey]

" more doom and gloom for savers" but help for the millions who have mortgages (if the cut is passed on).

[psycho]

" more doom and gloom for savers" but help for the millions who have mortgages (if the cut is passed on).

Purdey, I think it's to late to save some people, they are so far in the shit that 1/2 % cut now will make no difference. I blame the Banks and Building Society's for lending too much to people who couldn't afford it in the first place.

[purdey]

You make a valid point Psycho, however banks and building society's are there to make money, it's the fool in the street who mortgages himself to the hilt, I have little or no sympathy.

[psycho]

You make a valid point Psycho, however banks and building societies are there to make money, it's the fool in the street who mortgages himself to the hilt, I have little or no sympathy.

I still think if the banks and building societies had exercised more care and carried out due diligence before lending the money in the first place the credit crunch may have not happened.

[DT.]

You make a valid point Psycho, however banks and building societies are there to make money, it's the fool in the street who mortgages himself to the hilt, I have little or no sympathy.

I still think if the banks and building societies had exercised more care and carried out due diligence before lending the money in the first place the credit crunch may have not happened.

wasn't the banks that did this. It was the US govt and the approval of mortgage agents as fit to judge whether a mortgage is creditworthy or not. The banks simply packaged these up and sold them on at a profit.

[EPSILON]

Now that some banks have been bailed out by the Government, will the Government issue warrants for the arrest of the managers who have miss managed the banks funds?

Will they be asked to pay back the massive bonuses that they've paid themselves over the last 5 years?

Can any assets purchased with the bonuses be seized?

Some of the fat cats have had bonuses in excess of a million pounds which has probably been spent on flash cars and huge houses, all now to be paid for by us - the tax payer.

If a surgeon phucks up an operation he is struck off and usually sued, why can't bankers have the same treatment?

This must go down as the crime of the Century.

While writing this the Bank of England have just cut interest rates by 1/2 % - more doom and gloom for savers.

no my friend/ if such think happens then all of us will be lost in the space.

if governments try to control economy because of some "thieves" then we will hv the same result as USSR had-thing before you respond

[dinos]

You make a valid point Psycho, however banks and building society's are there to make money, it's the fool in the street who mortgages himself to the hilt, I have little or no sympathy.

On the other hand, the folks underwriting the mortgages know full well if mortgagees are unable to pay the loan back. Besides - the folks that didn't put any money down on their houses aren't really losing much; they just leave the house for the bank to foreclose. That leaves everyone else holding the bag.

Stupidity is a painful disease but it's rarely the stupid that feel the pain.

[humanist]

one rule for the working class another for the bourgeise we'll keep on living