Banker's exodus possible - does anyone care?

chucky

treliac wrote: »

Who's said that?

here's one

carolt wrote: »

Let's face it, they're rubbish at their jobs. Their jobs aren't difficult, or stressful. Or even very important.

lostinrates

Afriend wrote: »

Pink vote? Are you blaming gay people?

lirism. Pinko....

I knew a old guy who every story he told about people he didn;t like said, ''Of course, they're raving pinkos, absolutely raving.''. I always had to pinch myself to not giggle. I don't vote for Labour, but I like somepeople who do.

Mr_Matey

Afriend wrote: »

Confucius he say “to know what we know and know what we do not know is wisdom”.

Socrates said "The only true wisdom is knowing that you know nothing"

Bill said to Ted "That's us dude"

Wookster

I'm not unopposed to a tax on bankers bonuses.

People talk of the great mobility of human capital - well I'd like to know where in the world is actually booming right now. If they are so sure they will score big, let them go. Maybe their next bailout will be in the form of JSA.

whathavewedone

"first they came for the jews"...

This is all about scapegoating. Nothing to do with the useless FSA that GB set up. Oh no.

It makes me want to cry listening to the dumbos filling the airwaves on radio phone ins repeating the mantra "it's all the fault of the bankers, yeah let them all go abroad I'll do their job for the half the money".

What I think should have happened is that RBS and Northern Rock should have been allowed to fail but the government should have guaranteed everyone their savings and deposits.

As it is the government appear to have bailed them out without imposing any conditions whatsoever. Now, in an act of pure populism, they have announced a 50% windfall tax on bankers that is completely avoidable.

Lets assume for a minute that it does work and a lot of businesses move abroad. Do you really think that would have a positive effect on our economy? It would have a knock on effect on a huge number of people. My oh runs a small business supplying food and drink to companies in London, a lot of which are in the City. He supplies quite a few banks, none of which most people would have heard of. If they disappeared so would a large chunk of his business.

Lets not forget that not all banks took silly risks. A friend of mine works for Barclays (she has worked her way up from cashier after leaving school at 16 and does get bonuses for performance but not as much as 25k). She told me that during the boom many customers were asking them to match deals that RBS were offering. Her boss told her no way could they match them because they couldn't make money by doing so and thought they were too high risk. So why should all bankers be tarred with the same brush and be punished for the mistakes of the few?

We have supposedly intelligent posters like Carolt, a teacher who sneers at Daily Mail readers thinking this is absolutely totally brilliant. Bankers don't do an important job? If the events of the last 18 months have shown us anything it's how vital the banking system is to our way of life. I'm a lawyer and consider myself to be a reasonably intelligent and well educated but I'd never be so arrogant as to suggest that I could walk into a highly paid banking job and have the first clue as to what I was doing.

I realise this is a rant but if this is thread represents a microcosm of public opinion amongst the intelligent and educated then I despair I really do.

lostinrates

whathavewedone wrote: »

"first they came for the jews"...
.

I wasn't going to make the reference myself, but didn't a lot of those anti-semitic banker propaganda cartoons eminate for England, pre war?

I'm struggling to provide either a source for this pondering, either in my own brain or a ''real'' source that I know, & not going to trawl internet looking for one....and of course the famous ones are the Nazi ones but...still.....

I find this universal hatred of ''groups'' somewhat ...offputting, from people whose other views I find interesting and often insightful.



....

carolt

whathavewedone wrote: »

"first they came for the jews"...

This is all about scapegoating. Nothing to do with the useless FSA that GB set up. Oh no.

It makes me want to cry listening to the dumbos filling the airwaves on radio phone ins repeating the mantra "it's all the fault of the bankers, yeah let them all go abroad I'll do their job for the half the money".

What I think should have happened is that RBS and Northern Rock should have been allowed to fail but the government should have guaranteed everyone their savings and deposits.

As it is the government appear to have bailed them out without imposing any conditions whatsoever. Now, in an act of pure populism, they have announced a 50% windfall tax on bankers that is completely avoidable.

Lets assume for a minute that it does work and a lot of businesses move abroad. Do you really think that would have a positive effect on our economy? It would have a knock on effect on a huge number of people. My oh runs a small business supplying food and drink to companies in London, a lot of which are in the City. He supplies quite a few banks, none of which most people would have heard of. If they disappeared so would a large chunk of his business.

Lets not forget that not all banks took silly risks. A friend of mine works for Barclays (she has worked her way up from cashier after leaving school at 16 and does get bonuses for performance but not as much as 25k). She told me that during the boom many customers were asking them to match deals that RBS were offering. Her boss told her no way could they match them because they couldn't make money by doing so and thought they were too high risk. So why should all bankers be tarred with the same brush and be punished for the mistakes of the few?

We have supposedly intelligent posters like Carolt, a teacher who sneers at Daily Mail readers thinking this is absolutely totally brilliant. Bankers don't do an important job? If the events of the last 18 months have shown us anything it's how vital the banking system is to our way of life. I'm a lawyer and consider myself to be a reasonably intelligent and well educated but I'd never be so arrogant as to suggest that I could walk into a highly paid banking job and have the first clue as to what I was doing.

I realise this is a rant but if this is thread represents a microcosm of public opinion amongst the intelligent and educated then I despair I really do.

What an utterly ridiculous comparison. This really does take the biscuit as far as ludicrous comparisons goes.

Are you suggesting that bankers are going to be exterminated or sent to concentration camps, or something?

Oh, get a grip. We're just talking about paying them only...ooh, 10 times an odinary salary, instead of 20 times.

Poor dears. However will they cope. :rolleyes:

carolt

Afriend wrote: »

Confucius he say “to know what we know and know what we do not know is wisdom”.

But I do know plenty of bankers. They have 1 thing in common - a love of money, and the desire to get a job that pays more. Usually because they're slightly unimaginative. Other than that, they did not get better degrees and are no brighter than those who chose to go for careers that pay less.

One of my OH's best friends is a banker. TBH, he can't believe his luck at the moment. He knows he's had it good, thought it was all over a couple of years ago, can't believe the gravy train is back so soon after all the mess, but hell, he's not complaining.

I have ABSOLUTELY NO IDEA where chucky gets the idea that banking is so hard, or that the quality of people who do it is so superior.

That's just pure rubbish, frankly.

I think the real problem is that certain people, like chucky, judge others purely on their wealth. In his definition those who are paid more, by definition are "worth" more. Just as those who own big houses are intrinsically in some way "better" or "smarter" than those who own smaller or no houses. He has problems understanding that not everyone is driven by money, and that many brilliant people choose jobs for reasons other than salary.

misskool

carolt wrote: »

But I do know plenty of bankers. They have 1 thing in common - a love of money, and the desire to get a job that pays more. Usually because they're slightly unimaginative. Other than that, they did not get better degrees and are no brighter than those who chose to go for careers that pay less.

One of my OH's best friends is a banker.

TBH, he can't believe his luck at the moment. He knows he's had it good, thought it was all over a couple of years ago, can't believe the gravy train is back so soon after all the mess, but hell, he's not complaining.

I have ABSOLUTELY NO IDEA where chucky gets the idea that banking is so hard, or hat the quality of people who do it is so superior.

That's just pure rubbish, frankly.

I think the real problem is that certain people, like chucky, judge others purely on their wealth. In his definition those who are paid more, by definition are "worth" more. Just as those who own big houses are intrinsically in some way "better" or "smarter" than those who own smaller or no houses. He has problems understanding that not everyone is driven by money, and that many brilliant people choose jobs for reasons other than salary.

If you choose a job that isn't driven by money, then why is it so important to castigate a group of people who happen to make more money than you? So what if they don't get paid ordinary salaries? I get annoyed when footballers and celebrity housewives get paid more than me, yet all they do is prance around doing nothing.

The problem lies in the fact that people don't really know what banking is about and therefore choose to belittle it and don't really care. It's the same as science, people have no idea of the implications of it for them and run away scared. You can't talk about cloning without people thinking you're going to be creating some sort of Frankenstein or make tomatoes grow their pesticides.

I know bankers too, it's hard not to. The ones that work in the city and yes, they love money. You don't do a job where you work stupid hours and are treated like scum if you don't get rewarded.

If you think it's so easy carol, why not apply and see how far you get?

lostinrates

misskool wrote: »

, they love money. You don't do a job where you work stupid hours and are treated like scum if you don't get rewarded.
?

You know, a lot do, an awful lot do love money. But a lot also like the idea of really living after a first career....a lot think litle of ''money'' but like things or experiences money can buy.....some might even do a little good with it...the thing is....I know people paid minimu wage who ''like money''. Everyone who stumbled on to this site must either not understand money, or like it enough to want it to go a little further.....or what money represents of course.