The Banks are downgraded...no, it canny be.

Tommo21

Tommo21

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What a load of total pish….this agency called MOODY’S have downgraded 12 British banks. Okay, who cares, but they’re a wee tad slow. The Banks were bailed out with billions about 3 years back. People were queuing round the corners at northern rock for their money, they were bailed out as well. The RBS boss walked away with a fortune and he had no qualifications whatsoever in banking. We all pay for these greedy bastards. What do they get, a feckin bonus for failing.

What does this downgrading mean, they'll still get a good bonus when they get upgraded again.

Rips my knitting this.
 
moodys are an independant ratings agency. i used to work for them.

bonus for ratgins uplift? nope.

not sure what your post means. other than youre angry.

do what i did. stop reading the papers.
 
Remember that there are a lot of people working for Investment Banks who have seen their (very modest)bonuses stop and pay freeze altogether since 2008 - through no fault of their own. So if you think that your angry.......
 
bluewolf said:
Bloody hell. First you put everyone else out of work, then you suggest that people should stop reading the papers.. That would put me out of work....Everyone... Read the papers....:D
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Could keep two forummers happy - buy the papers, but don't read them. Action usually achieved acquiring a puppy.
 
Tommo21 said:
What a load of total pish….this agency called MOODY’S have downgraded 12 British banks. Okay, who cares, but they’re a wee tad slow. The Banks were bailed out with billions about 3 years back. People were queuing round the corners at northern rock for their money, they were bailed out as well. The RBS boss walked away with a fortune and he had no qualifications whatsoever in banking. We all pay for these greedy bastards. What do they get, a feckin bonus for failing.

What does this downgrading mean, they'll still get a good bonus when they get upgraded again.

Rips my knitting this.
Click to expand...

Blimey Tommo, I didn't know that you're a financial expert. Which part of finance do you work in?

One would imagine that in order to spout off in such a vitriolic way that you have a full and utter understanding of the intricate financial relationships that exist between each and every bank and how they interact with the ruling party (whoever that may be).

One must also assume that you are well versed in running a multi-national company which would entail being in charge of 20,000+ people.

I really didn't realise that we're in such exulted company. :cool:
 
AuburnWarrior said:
Blimey Tommo, I didn't know that you're a financial expert. Which part of finance do you work in?

One would imagine that in order to spout off in such a vitriolic way that you have a full and utter understanding of the intricate financial relationships that exist between each and every bank and how they interact with the ruling party (whoever that may be).

One must also assume that you are well versed in running a multi-national company which would entail being in charge of 20,000+ people.

I really didn't realise that we're in such exulted company. :cool:
Click to expand...

^ the post that i couldnt be @rsed to type.

@ tommo - surely youd be better checking your pension providers website for accurate information rather than reading newspapers that are at best speculating and at worst controlled by political interests that see the vilifiation of bankers as a necessary diversion from the spectaular mess up that the public sector has become having been grossly mis-managed for decades and once again being held to ransom by union bosses seeking to further improve upon pension and pay deals that are unrealistic and over-inflated for any private sector employee
 
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You don't have to be a financial expert to see that deregulation in the name of free market capitalism allowed the banks to make bets they couldn't afford to lose, but when they lost the bets, they came crying to the public purse for a payout, instead of being allowed to go bust.

The ratings agencies are not independent at all, they are part and parcel of the problem, and signed off the CDOs as good quality investments when they were really junk. A few of them should get sued into oblivion too.
 
You don’t to be an expert, or Sun reader, to see effects that globalisation, and an unaccountable banking system is having on the world.

Who said socialism doesn’t work? Yer right. A fine system we have in unfettered capitalism.
 
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