We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

Debate House Prices


In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

From Vampire Squid to 1100lb Medical Emergency

The man who wrote this article for Rolling Stone magazine which famously and wonderfully described Goldman Sachs as:
a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money

has written a new article calling on prosecutions for senior management. It's well worth a read, introducing another wonderful metaphor into the English language:
Goldman isn't a pudgy housewife who broke her diet with a few Nilla Wafers between meals — it's an advanced-stage, 1,100-pound medical emergency who hasn't left his apartment in six years, and is found by paramedics buried up to his eyes in cupcake wrappers and pizza boxes.

Hanging's too good for 'em I say.
«13

Comments

  • lemonjelly
    lemonjelly Posts: 8,014 Forumite
    1,000 Posts Combo Breaker Mortgage-free Glee!
    Generali wrote: »
    The man who wrote this article for Rolling Stone magazine which famously and wonderfully described Goldman Sachs as:



    has written a new article calling on prosecutions for senior management. It's well worth a read, introducing another wonderful metaphor into the English language:



    Hanging's too good for 'em I say.

    In a stirring the pot kinda way, I did ask on another thread a question on bankers & their huge bonuses.

    A significant number of the top banking jobs carry with them huge pay deals. Given that so many are on such a high wage, such as the RBS guy on a basic of £7.7 million, why on earth do we need to incentivise him with a bonus package to do his job? Surely the prospect of £7.7million should be incentive enough?
    It's getting harder & harder to keep the government in the manner to which they have become accustomed.
  • purch
    purch Posts: 9,865 Forumite
    The whole way Goldman Sachs (and other's) have been set up is basically to benefit from one of the seven deadly sins..........GREED.

    They have been spectacularly good at it so far, but I think their days are starting to become numbered :eek:
    'In nature, there are neither rewards nor punishments - there are Consequences.'
  • bendix
    bendix Posts: 5,499 Forumite
    ladies and gentlemen . . welcome to MSE's platitude corner.
  • bendix
    bendix Posts: 5,499 Forumite
    lemonjelly wrote: »
    A significant number of the top banking jobs carry with them huge pay deals. Given that so many are on such a high wage, such as the RBS guy on a basic of £7.7 million, why on earth do we need to incentivise him with a bonus package to do his job? Surely the prospect of £7.7million should be incentive enough?


    WE don't. The board of directors - acting on behalf of the shareholders - do. It's up to them.

    If you don't like it, become a shareholder directly and work to change it.
  • lemonjelly
    lemonjelly Posts: 8,014 Forumite
    1,000 Posts Combo Breaker Mortgage-free Glee!
    bendix wrote: »
    WE don't. The board of directors - acting on behalf of the shareholders - do. It's up to them.

    If you don't like it, become a shareholder directly and work to change it.

    Bankers don't get bonuses...really?
    It's getting harder & harder to keep the government in the manner to which they have become accustomed.
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    bendix wrote: »
    WE don't. The board of directors - acting on behalf of the shareholders - do. It's up to them.

    If you don't like it, become a shareholder directly and work to change it.

    Well strictly speaking the Government borrowed money on your behalf to buy most (80+%) of RBS so the Government can make the board to pretty much what it wants.
  • bendix wrote: »
    ladies and gentlemen . . welcome to MSE's platitude corner.


    What is platitude?

    In fact, what is a corner?
    Not Again
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    What is platitude?

    This is a duck billed platitude:

    453138a-i2.0.jpg
  • purch
    purch Posts: 9,865 Forumite
    What is platitude?

    In fact, what is a corner?

    It's when someone who complains a lot, tells people to stop complaining ;)
    'In nature, there are neither rewards nor punishments - there are Consequences.'
  • ILW
    ILW Posts: 18,333 Forumite
    purch wrote: »
    It's when someone who complains a lot, tells people to stop complaining ;)

    I thought it was something to put ice cream in.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 354.2K Banking & Borrowing
  • 254.4K Reduce Debt & Boost Income
  • 455.3K Spending & Discounts
  • 247.2K Work, Benefits & Business
  • 603.9K Mortgages, Homes & Bills
  • 178.4K Life & Family
  • 261.4K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.