Mon Jan 14, 2013, 03:47 PM
Fire Walk With Me (38,893 posts)
Goldman Sachs bankers to reward themselves a staggering £8.3billion in bonuses
Veronika Padberg @CarryCandy
RT @BaburRealer Goldman Sachs bankers to reward themselves a staggering £8.3billion in bonuses. http://bit.ly/VaEl6e
Retweeted by fr0g5
Britain’s army of bankers will re-ignite public fury over lavish pay rewards as staff at Goldman Sachs are expected to reward themselves £8.3 billion in bonuses on Wednesday.
The American investment bank, which employs 5,500 staff in the UK, will be the first to unveil its telephone number-sized rewards – an average of £250,000 a person – as part of the latest round of bonus updates.
The increase, up from £230,000 last year, comes as British families are still struggling to make ends meet five years after banks brought the economy to the brink of meltdown.
At taxpayer-backed Lloyds Banking Group, which is expected to make a loss this year, its boss is likely to be entitled to a multimillion-pound bonus.
(What DUer called them a "Wunch of Bankers" a bit back? More at the link)
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Goldman Sachs bankers to reward themselves a staggering £8.3billion in bonuses (Original post)
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Mon Jan 14, 2013, 05:18 PM
Catherina (34,318 posts)
2. the poverty caused by the bad influence of the English bankers on the Parliament...
Everyone knows that the American colonists revolted largely because of taxation without representation and related forms of oppression by the British. See this and this.
But - according to Benjamin Franklin and others in the thick of the action - a little-known factor was actually the main reason for the revolution.
To give some background on the issue, when Benjamin Franklin went to London in 1764, this is what he observed:
When he arrived, he was surprised to find rampant unemployment and poverty among the British working classes… Franklin was then asked how the American colonies managed to collect enough money to support their poor houses. He reportedly replied:
“We have no poor houses in the Colonies; and if we had some, there would be nobody to put in them, since there is, in the Colonies, not a single unemployed person, neither beggars nor tramps.”