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Stanley
Local Historian & Old Fart
36804 Posts
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 Posted -
11/01/2009
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06:04
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New Year, new topic. If you want to see the old one do a forum search for same title but 2008.
Stanley Challenger Graham
Barlick View
stanley at barnoldswick.freeserve.co.uk
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Stanley
Local Historian & Old Fart
36804 Posts
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Posted - 26/02/2009 : 06:43
Chair of FSA got a grilling yesterday but hit back. Did you here him say that the only pressure he had detected from Downing Street was to cut and lighten the regulatory touch on the banks.
RBS are to declare record loss (could be near £30billion if AMRO is included). Fred Goodwin is already receiving an enormous pension reported to be £650,000 annually. £12,500 a week... This would be obscene if they had made an enormous profit. Can they wonder that unrest is growing.
I am uneasy about shutting PMQ's down yesterday. Young Ivan's fate is a tragedy, no argument about that but stopping the business of Parliament feels inappropriate. Many of us know about burying children and I suspect a lot of people will have the same human reaction I had yesterday. Nobody stopped the world when it happened to me and neither should they have done. Not angry, just disturbed, it didn't feel right. I suppose that by doing what they did they seem to be issuing a signal that one death is more important than another. Dangerous stuff.
By the way, for anyone who followed Harry's death in August 2003, the first compensation hearing in the Supreme Court has been set for next month. At long last we may be nearing a settlement. I shall have much to say when it has gone through about the rapacity of the lawyers who string out a simple case in order to wear down the plaintiffs and jack up the fees for themselves. The cost is five years of hell.
Stanley Challenger Graham
Barlick View
stanley at barnoldswick.freeserve.co.uk  |
Stanley
Local Historian & Old Fart
36804 Posts
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Posted - 26/02/2009 : 07:15
The loss at RBS is £24.1billion. We are insuring the bank against future losses to the tune of £300billion. What is going on here. We seem to have got to a position where the taxpayer is guaranteeing the bans unconditionally. Who actually owns this bank? Baffled of Barlick.
PS. The CEO is on the radio now and what we are getting is banker-speak. All he will admit to is that there will be 'severe' job losses. Great....
Stanley Challenger Graham
Barlick View
stanley at barnoldswick.freeserve.co.uk |
frankwilk
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Posted - 26/02/2009 : 09:22
I can't justify Goodwins pension plot, but don't forget most of this was stashed away before the failure of the banking system, and was Shareholders Cash not Ours.
Under Goodwin RBS paid billions of £s into the tax coffers of Godron the Saviour hence the Knighthood, also billions were paid into Shareholders accounts,ISAs etc.
The politicos also need to look at the pension pots of ex PM and MPs and what has been added. MSPs, Assembly members for Wales and N Ireland, along with the Civil Servants that have been added to go along with them. We have All been Sleep Walking into this disaster for years.
If you can receive BBS Scotland just watch Scottish First Ministers Questions to see how bad we have allowed our Parlimentary System to become.
Oh and just look at the Rubbish that We are paying for. I don't profess I could do it any better, I just think if we are paying for the Best that is what we should be Receiving
Edited by - frankwilk on 26/02/2009 09:24:59 AM
Frank Wilkinson Once Navy Always Navy |
frankwilk
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Posted - 26/02/2009 : 09:34
The other thing that caught my attention was 4 soldiers killed in Afghanistan so we won't have PMQs for another 4 weeks ???
How they stand at the box week after week reading out the names of those killed without doing anything about it. They don't provide the best facilities for our injured, they quibble over compensation and they don't provide the best kit for our soldiers to do the job. And the ones who want our soldiers dead, get flown from America on private jets, with a Dr and Anti terrorist police etc. The mind boggles.
Frank Wilkinson Once Navy Always Navy |
HerbSG
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Posted - 26/02/2009 : 12:00
Frank, in Canada the government gets shi- for not providing the best for the boys in Afghanistan, but when I was in the UK Brit troops said they envy the Canadians, nobody is satisfied.
Bail outs, are they supposed to create jobs? GM gets billions and announces lay offs of 47,000......?????
Maybe more countries should follow the example of Germany, give cash to buyers of new cars. Surely that encourages people to buy now, helps sales, keeps jobs, and is probably a green move, rather than providing liquidity to pay bonuses.
Pensions to MP's have been a problem, especially when they get hired on as consultants by the same governments. Sometimes they end up with 2 government pensions.
HERB
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thomo
Barlick Born Old Salt
2021 Posts
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Posted - 26/02/2009 : 12:50
Aye Frank, and I understand that a lot of Taleband radio chatter of late has a good deal of Yorkshire and West Midland accents amongst it, and no doubt Pendle as well!.
thomo |
HerbSG
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Posted - 26/02/2009 : 15:03
If the oil price stays down Iran will have to cut back on spending, maybe that will cut down the chatter, ah but the Canadian Government will accept the chatter boxes as refugees, cloth, feed and house them on welfare.
HERB
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handlamp
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Posted - 26/02/2009 : 15:40
The Trustees don't need money, Frank. They are there to protect the interests of the fund members and make a noise if they are in jeopardy. I think you'll find that the practice of managements taking contribution holidays was more rife in the private sector than in nationalised industries.
Ted |
Stanley
Local Historian & Old Fart
36804 Posts
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Posted - 26/02/2009 : 16:25
I was thinking today, the politicos are making all the right noises abut the Goowin pension but hold on a minute, if they make it possible to attack his bloated pension what's to stop the dame sanctions being used against them? Tricky Eh? Don't hold your breath lads......
Stanley Challenger Graham
Barlick View
stanley at barnoldswick.freeserve.co.uk |
HerbSG
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Posted - 26/02/2009 : 19:31
The largesi pension fund in Canada (in Quebec, still Canada) announced today that they have lost 25% of the fund. The staff received bonuses based on profit, so they took greater risk to increase their earnings. Now payments (taxpayer contributions)will increase to help rebuild the fund. Oh the loss was 40 billion.
HERB
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Stanley
Local Historian & Old Fart
36804 Posts
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Posted - 27/02/2009 : 06:21
40 Billion is a normal number these days Herb... We are expecting a £10billion loss from HBOS this morning. When old farts like me think back to the days of the Halifax Building Society when it was a giant mutual society and as solid as the Rock of Gibraltar we wonder about the level of expertise necessary to destroy such a sound business. Do we really care if the people at the top who did this leave the country? They should all be put on basic wages, that's all I ever got, never saw a bonus in me life! Just a decent living wage.
Fred has given them the finger. It looks as though what happened during the frenzied negotiations to rescue the bank that the government were told that it was a contractual obligation and never realised that there was an element of discretion. What a surprise that bankers manipulated the small print. The question that comes to my mind is why are we rescuing these people? We own 80% of the bank. Just stop paying him and let him sue us.
I see that someone has worked out that the US predeliction for super soft toilet paper does more damage to the environment than all the Hummers on the road. Fascinating... How about cosmetics? Imagine some poor mother in Darfur or Bangladesh struggling to keep her kids alive and on the other side of the world people are bothered about how wrinkled their face is or how sensitive their bum.
That reminds me, the models they have on the adverts for the anti-wrinkle cream... does anyone else share my repugnance for a look that has no wrinkles, no character and no attraction at all? They look as though they have been made in some robot factory. Or is it just me.....
Stanley Challenger Graham
Barlick View
stanley at barnoldswick.freeserve.co.uk |
frankwilk
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Posted - 27/02/2009 : 08:40
" Or is it just me..... "
No I reckon I share around 70% of the views you express lol
What did catch my attention was a question on Pensions how much have MPs pensions increased by over the past 10 years ??
Silence.
The man on QT who said if it is not morally correct for Sir Fred to accept the pension. Was it not the same for Jaqui Smith to accept £118000 for lodging with her sister !!!! It's in the rules Gov seems to be the stock answer to anything an MP does to screw us.
Frank Wilkinson Once Navy Always Navy |
handlamp
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Posted - 27/02/2009 : 15:07
You're quite right, Frank. We should make the credit crunch worthwhile by finally putting an end to the bonus/perks/ pay off culture which now seems to permeate all structures in this country. Let's get back to doing a good days work for a good agreed rate of pay. A political party which had that as its rallying cry would get my vote.
Ted |
Stanley
Local Historian & Old Fart
36804 Posts
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Posted - 27/02/2009 : 16:28
The concept of performance bonuses is popular with modern management because it means they can pay a low basic wage and have the bonus within their gift which means power. Nowt worse for a bad manager than having a set wage and actually having to manage the workforce. Often portrayed as a benevolent policy but seen by many like me as a bribe. My view was always that I didn't need bribing to do a good job as long as I had a guaranteed fair rate of pay. I suppose I'm old-fashioned.
Stanley Challenger Graham
Barlick View
stanley at barnoldswick.freeserve.co.uk |
frankwilk
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Posted - 27/02/2009 : 18:13
" I suppose I'm old-fashioned " now I would agree with that 100%.
Why because I am sure that we share that same value.
Frank Wilkinson Once Navy Always Navy |
SPEAKER'S CORNER 2012
