Pages

Thursday, February 05, 2009

Recession? Not for the Bankers and a Culture of Greed That is More Obscene Than Ever...

They just don't get it. Almost 18 months have passed since the credit crunch erupted, destroying the livelihoods of millions of hard-working families around the globe.

Yet the world's bankers - those one-time 'masters of the universe' - are still finding it impossible to call a halt to their plutocratic lifestyles.

At the newly created Lloyds Banking Group (in which the Government holds a 43 per cent stake in return for a £17 billion cash injection), it has emerged that one of the first steps that senior executives took following last month's takeover was to seek a bonus deal for its already well-remunerated directors.

Read more...

No comments:

Post a Comment

Thanks for your comment it is much appreciated.