I don't want to pay any more bankers bonuses

Blitz01

Co-op has strong ties with Labour, a former Government that is more at blame for the current economic mess in Britain than the financial services sector.

and the 1st prize for the most 'ill thought out comment' is yours today.

Just another Tory supporter that assume all the ills of the world fell at the feet of Blair/Brown.

Try reading the news occassionally and you will see how wrong you are.

dzug1

arthurk wrote: »

! Banks know we have no alternative .

You DO have an alternative - if not a very palatable one. Plenty of people (particularly the old) manage without a bank account at all.

arthurk

Well, apart of keeping money in the sock or under bed I meant

JacksterD

Go for the Co-Operative - they're pretty good, don't fund oil companies, don't fund weapons manufacturers and have various social programmes (http://www.independent.co.uk/money/spend-save/bank-aid-will-give-prisoners-new-start-1834545.html). Don't let the talk of the Labour Party links put you off - sure they lend to the Labour Party, but if the Co-Operative Bank didn't exist then some other bank would lend to the party. As for their involvement in Unity Trust, which lends to Trade Unions and Charities, I don't see any problem here.

You could also look at Nationwide, or your local credit union.

JoseChungsDoomsday

JacksterD wrote: »

Go for the Co-Operative - they're pretty good, don't fund oil companies, don't fund weapons manufacturers and have various social programmes (http://www.independent.co.uk/money/spend-save/bank-aid-will-give-prisoners-new-start-1834545.html). Don't let the talk of the Labour Party links put you off - sure they lend to the Labour Party, but if the Co-Operative Bank didn't exist then some other bank would lend to the party. As for their involvement in Unity Trust, which lends to Trade Unions and Charities, I don't see any problem here.

You could also look at Nationwide, or your local credit union.

It should also be noted that they also provide banking services to The Greens and Lib Dems. Most people only know about Labour because of the amount they owe them!

adamc260

I think banks should pay the government back and clear their debts before they start giving millions out to the fat cats at the top

opinions4u

JoseChungsDoomsday wrote: »

It should also be noted that they also provide banking services to The Greens and Lib Dems. Most people only know about Labour because of the amount they owe them!

I don't think the original reference to the Labour Party was about banking and lending facilities.

The Co-Operative Party is a political party funded by the Co-operative movement that is, effectively, an appendage to the Labour Party.

Ed Balls, for example, is one of the Co-operative Party's MPs.

ses6jwg

If you can't beat em join em I say.

Rising oil/ fuel prices = rising share prices for oil companies

Buy some shares in some select financial institutions and some large cap Oilies and watch the dividends and growth roll in whilst joe public continues to bleat about the price of fuel and banking "fat cats"

thats the beauty of a free market economy

JuicyJesus

ses6jwg wrote: »

Buy some shares in some select financial institutions and some large cap Oilies and watch the dividends and growth roll in whilst joe public continues to bleat about the price of fuel and banking "fat cats"

Thing is, buying Lloyds and RBS low and selling high is what the government did for the much maligned "bailout" and will net the Treasury a hell of a lot more money than was put in, bonuses or no bonuses. Also, the Government hold preference shares, meaning they have no voting rights and therefore no direct control over the banks concerned. Explaining this to people whinging that "were payin bankaz bonusis and itz not fare" tends to shut them up.

I'm hardly a Tory, free market sort (think very other end of the scale) but even I can see the sense in that, and feel that a lot of the whining about bonuses is just sour grapes.

ViolaLass

thor wrote: »

It is the pursuit of these bonuses that caused bankers to take ever greater risks in the first place. They did not care about the short termism of their activities as they were blinded by their greed.

Then I would have thought the solution would be to change the way bonuses are earned and paid, rather than abolishing them altogether.