Banker Bonuses - Next G20 meeting

deanhills · Sep 24, 2009

Looks as though the Lehman Brothers disaster will be followed up on at the the G20 meeting in Pittsburgh. One of the issues to be revisited will be that of Banker Bonuses. USA and UK (coincidentally the countries who are worse off right now) are for bonuses, other countries like France and Germany against. What do you think about Banker Bonuses during and after a recession?
http://en.wikipedia.org/wiki/2009_G-20_Pittsburgh_summit

Dirk · Sep 24, 2009

deanhills said:
Looks as though the Lehman Brothers disaster will be followed up on at the the G20 meeting in Pittsburgh. One of the issues to be revisited will be that of Banker Bonuses. USA and UK (coincidentally the countries who are worse off right now) are for bonuses, other countries like France and Germany against. What do you think about Banker Bonuses during and after a recession?
http://en.wikipedia.org/wiki/2009_G-20_Pittsburgh_summit

All these bonuses are part of the reason capitalism is so economically inefficient, actually. In that this action creates large volumes of stationary wealth.

myp · Sep 24, 2009

deanhills said:
Looks as though the Lehman Brothers disaster will be followed up on at the the G20 meeting in Pittsburgh. One of the issues to be revisited will be that of Banker Bonuses. USA and UK (coincidentally the countries who are worse off right now) are for bonuses, other countries like France and Germany against. What do you think about Banker Bonuses during and after a recession?
http://en.wikipedia.org/wiki/2009_G-20_Pittsburgh_summit

It is the banks' money, not the government's so they should have the right to do whatever they want with it including giving it as bonuses. Bailouts are another story, but I am against bailouts in the first place.

I doubt it · Sep 25, 2009

They make me spit. This is symbolic of everything that is wrong with globalism, "free markets" et al...

Profit is all right. Unlimited profit is despicable. Don't even go to "without profit, people have no incentive to work and the world will grind to a halt"... People will always have to make a living and that is incentive enough. There is no justification for unlimited profits, it is greed and should be regulated.

So there...

David · Sep 25, 2009

I doubt it said:
They make me spit. This is symbolic of everything that is wrong with globalism, "free markets" et al...

Profit is all right. Unlimited profit is despicable. Don't even go to "without profit, people have no incentive to work and the world will grind to a halt"... People will always have to make a living and that is incentive enough. There is no justification for unlimited profits, it is greed and should be regulated.

So there...

Profit is great. Profiting from money alone...

deanhills · Sep 27, 2009

myp said:
It is the banks' money.

I thought it was the people's money? The Bank is making a profit from money that has been deposited by the people. The greater its profit, the less interest people are getting on their money. Paying huge bonuses to management, especially when the Bank has almost gone bankrupt, has to be totally rediculous in the extreme. Just shows that the people who were responsible for creating this huge financial disaster are still profiting from the reasons for the financial disaster.

Banker Bonuses - Next G20 meeting

deanhills

Dirk

myp

I doubt it

David

deanhills

Similar threads