Bankers and Wankers

What is the difference between a Banker and a Wanker?
The Wanker knows what he is doing!
Surrealism did not die with Salvador Dali. We have entered a strange world where failure is rewarded with large bonuses supported by the argument that if the bonuses are not paid, the failures will up sticks and move to Hong Kong or Singapore
Tell me what flight they are booked on and I will be in the terminal to wave them Goodbye.
Here is the way it is going to be:-
No bonuses until the Banks enter profit and then only in limited and special circumstances.
Eric Daniels, CEO of Lloyds/TSB/Halifax/Bank of Scotland will be deported on 7th May 2010.
He was railroaded by Gordon Brown into buying The Bank of Scotland without doing due diligence. He might have given the tires a kick when he would have found out that the wheels were falling off.
Stephen Hessler will resign on 7th May 2010. I tried to see him a couple of weeks ago at the RBS Headquarters in Edinburgh. He must have been hiding under his desk since the staff weren't able to find him. I left a card but haven't heard a cheep since.
Counter services at RBS and HBOS in Scotland are diabolical. We need an urgent reform of retail banking services.
The argument is made that we need to retain the genius within the banking sector to keep British financial services competitive in the gobal marketplace.
It might be appropriate to ask what the geniuses actually do. For the most part, they make bets on whether a security will increase or decrease in value. In a rising market, most securities increase in value over time and the Banker's bonuses are secure. In a falling market, the taxpayer rushes in and underwrites the bonuses. It's Win-Win for the Bankers.
There are geniuses in the Banking sector, however 99% are plonkers who go with the flow, in the right place at the right time with no special abilities to match the size of their salaries or bonuses.

Sunday 7th March 2010