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so just because it happens all the time thats fine with you ? huh great now I come to realize why people get away with murder and these things go on people don't really care, its sad when people are afraid or can't be bothered to have opinions its so easy to say "oh it happens all the time so what" thats how dictatorships get a hold by people not caring
I didn't say anything about fine with me. What I'm saying is that it only bothers you because of the bank in question. It has been demonstrated that you don't care about context earlier this thread by Kermit comparing wages. Either it's ok, or it's not ok, it should make any difference because it's the government or not.
What you're saying, or have been strongly implying, is that because it's the government, no-one should get paid anything...
the goverment is basically saying hey people want to rip everyone off and get rich doing nothing ? come to the top with us and your free, if you can get to the top....
As for the banking payoff, I'd bet that decision was nothing do to with the government, and everything to do with the way private companies work.
Edit: Did you ever watch The Office? If not, sorry to wreck it, but at the end of series 2 brent gets sacked, he's incompetent, and a fucking joke (great tv though). He sues and gets a fair lump sum, for being a middle-management is a mid-sized company. You can't sack people anymore, because no-one can keep up with the paperwork to make it legal.
Point is that there are contractual obligations on employers. If this was one then there is no point harping on about the performace issue.
so he doesn't go under for fucking the job up and gets pay off at that and at the same time 1/3 of northern rocks staff is being thrown out, I'm sure all that money he is getting would be of great help to those people that will be without work because of his cockup. if he had a half concience he would give the payoff to the employers whos life he has turned upside down, there are more things to decency and honesty than sticking to the rules by the letter.... very convenient. I'm sure that if built a building and it collapsed I would have something to answer for and some damages to pay for. if his contract states that even cocking the job up entitles him to the payoff then its a very biased contract oh but as long as its in the contract its ok with you, thats how dictators got power slipping in little things that giive them more and more power.
Or are you saying that as soon as someone earns "too much" then they don't get the same rules?
First of all there are a number of government ministers, plus the FSA that should have noticed this!
And its not his fault that there has been this credit crunch, would have been able to carry on as normal had it not being for the crunch.
You cant have people complaining about having payouts like this, then also saying tis wrong to have different rules for different people, when the rules that enable this payout to happen, keep the little guy safe, like has been stated previously.
yes and he wrecked the company but gets a pay off, any contract giving you such sums of money after causing such a disaster to my mond is imoral, and to those who say ooh the workers will get redundancy pay, I say well guess whos paying for that, the bank has no money any money spent on the bank its workers or directors is our tax money, so didn't he have any contractual obligations to make sure the business stayed out of trouble I mean I just can't beleive it he totaly fucked the job up gets away scott free and gets enough money to set him up for life (assuming he can manage not to go bankrupt :chin: ) and people trhink he's in his rights, whats the mater ? do your own jobs pay you too much or something ?
The Government's own watchdog blames the FSA for not helping the Rock unwind its positions in secrecy. If they'd been left to unwind their exposure quietly there would have been no run on the bank and the Rock would not have become insolvent.
yea a bank is supposed to know how to run itself you mean its normal a bank don't know when its lending too much ? I guess the guys are in the wrong business true the FSA didn't do its job but in a system that is even remotly close to perfect things should not get to this extreme, else please explain how it works