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Friday, 5th December 2008

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1

Charles Linskaill,

Edinburgh 08/08/2008 01:05:53
But we had a dream
And it was meant to be
And we were kissing gods
Against all the odds

Now it's a crying shame
And it's a crying shame
You don't know who to blame
We'll never be the same
And it's a crying shame
And it's a crying shame
2

William of Liberton,

EDINBURGH 08/08/2008 05:12:19
Any possibility that the chief executives of this company and many more, who received millions for, supposedly, being such financial wizards, will now earn "negative" bonuses, and hand back those ill-gotten millions?

It is time to bring back supertax, say, 95% in the pound, to level down the emoluments of these people, who have amply demonstrated that they are definitely not thousands of times better than their lowest paid employees, just lucky to be in the right place at the right time.

Let them all threaten to emigrate in the huff. There are plenty of less greedy types who could do their jobs just as well, or probably better.
3

Vancouver,

Edinburgh 08/08/2008 05:35:33
I agree with you No.3 they should collect the One and a Half Billion Pounds they handed out in bonuses to be shared among the Executives
4

Mallory,

Edinburgh 08/08/2008 06:02:02
Turnover is a marvellous thing on which to base bonuses. Profitability is better but so old hat when derivatives can work their smoke and mirrors - at least for a while.


Someone living on benefit in a sink estate appears to have a better grasp of finance than many of the 'top' bankers.

And Charles Dickens summed it up in a sentence over a century ago.
5

Big Drew,

Los Angeles 08/08/2008 06:55:00
Let's be honest here - the banks have brought all this on themselves.

They handed credit out to anyone who wantd to take it, regardless on whether they could pay it back. And on top of this they send all their staff on business class flights, staying in 4 star hotels and travelling everywhere by taxi. And I know because I was one of those people. I know how much I used to put through in expenses!!

But unfortunatley the banks push it all back on the customers because they have not had the foresight to predict these things.
6

Rulesbutnotrulers,

Federation, not separation 08/08/2008 07:13:34
I thought we Scots were good with money? If this is huge black hole is the future then let's not let SNP get it's paws on the till.
7

Phil C,

08/08/2008 07:15:40
Maybe a bit paranoid here......but where have these 'lost' billions gone?
8

McMillar,

Fife 08/08/2008 07:20:32
#1 is bang on the money today. Take a huge hit (and perhaps have a token director paid off) then when the upturn comes and profits return all will be declared as heroes for managing through these ‘troubled’ times. If this is really the low point then share price looks incredible value….but who knows. Fred really should stay until the looks like a success here as can’t blame the guy for taking a few big swings even though they haven’t all paid off yet.
9

hertscot,

08/08/2008 08:10:05
Just seen the BBC business news, RBS posted a loss of around £700,000,000, and it's being hailed as as a good sign.
10

akjem,

dundee 08/08/2008 08:39:48
The financial 'industry' has converted money ( a means of exchange ) into a commodity (you can buy it). It was only a matter of time before the inevitable happened. The banks are not solely responsible, there are many players in the money-lending game.

I am reminded of the time, many years ago, when, as a newly qualified teacher, I visited my old B of S manager asking for a loan ( to cover train fare) to finance my summer holiday trip to London. He asked me how I intended to repay the bank. I told him I had a job on a building site lined up( which I had)and that I had a teaching job lined up at the end of the summer ( which I also had ). He just laughed, said no and wished me all the best.

11

fegan,

N/Ireland 08/08/2008 09:18:37
I live close to one of these suits from RBS the life style goes on today no different from last year no sign of any cut backs just keep on spending I personally am one of the Minos that are loosing and it sticks in my throat.
12

Nellie,

Liverpool 08/08/2008 09:41:44
I had a serious managerial job interview with RBS. I was looking forward to living in Edinburgh (and enjoying a few drams of The Balvenie in a bar that I found served it as the standard whisky!) but I didn't get the post. That was a close shave. (I'd have still preferred to be in Edinburgh rather than Liverpool!) I just hope this will not mean too many (more) redundancies - been there twice and now a forced retirement, and it's not a nice feeling on yourself let alone the personal finances.

#3 Spot on. Spot on.
13

Ozzie,

Australia 08/08/2008 09:53:37
The Moguls of Wall Street would have had to know that their actions (sub-prime)would have drastic effects on America and the worlds economy and many billions of it people.
But they put their own lifestyle ahead of their duty.

If this damage had been done by a terrorist group there would be a a military and law enforcement army after them (El Queda)

It is time that the people responsible were sued by an army of lawyers in the biggest CLASS ACTION the world has ever seen.
14

"Scotty",

08/08/2008 13:47:04
How can anyone comment on this article let alone read it when it is "unable to display"????????
15

AWGL,

Palm Desert 08/08/2008 22:11:32
As a former Scots banker who spent his career working for banks around the world, I too am horrified by the practices of the major banks such as RBS. What competent banker would invest the depositors/shareholders funds in mortgages granted to people who did not have the requisite financial qualifications?

I fully agree that those in management who presided over this disaster should be held to account. But...I'm betting that somehow they'll explain their actions and will continue to manage RBS and other institutions!!!!
16

YYZ_2112,

Rosyth 09/08/2008 02:48:24
@ # 1: Mr Linskaill: you were the first to post but couldn't see that there was "no article to display" but just couldn't resist posting nevertheless. And a stupid ditty it is. Such an A*se.

@ # 14: Exactly. Lets fumble about in the dark & hell have a stab at same. Spot on !!

@ Finally @ The Editor of this "forum"...you are quick to remove unsuitable comments under the banner "comment removed by Administrator"....well how about explaining what the problem is with this article not being able to display properly and just how hard is it to fix it ? Not hard at all I'll bet.

And re these "comment removed by Administrator".... comments......give your reasons for doing so OK

nite nite, don't let the bed bugs bite. LMFAO

 

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