Bankers Sorry (Still Rich)

Citigroup chairman, Sir Win Bischoff, has tacitly accepted some of the blame for the economic downturn saying that the industry felt "partly to blame."

This isn't entirely correct - the bankers should shoulder almost all of the blame. It's true that people have been mind-buggeringly greedy, but that greed has been entirely fuelled by easy and cheap credit: and that's down to banks.

Sir Win went on to say that bonuses at Citigroup would be "way down" at a bank which has just received a $35bn from the US taxpayer.

Wait a minute. WAY DOWN! You mean these assholes are actually receiving bonuses during a time when the global economy is so fucked that ordinary people are having to stump up to bail them out. How about the greedy bastards give something back? Apparently, those receiving bonuses will be the ones in the profitable sections.

My point is this: if a business makes an overall loss, the parts of it that did make a profit are responsible for bailing out the bits that don't! The poor US taxpayers shouldn't have to have their pockets picked!

In a staggering example of banking hubris, BBC reports that Goldman Sachs, despite halving its pay bill, still pays its 30,000 employees an average of £250,000 EACH!

FARK!!!