Sunday 8 February 2009

Bonuses??? Jesus, these folks are messed up...

I can't believe that:

1) the staff of RBS are so stupid as to expect bonuses at a time when the whole country is watching them so very closely. Stupid timing
2) the staff of RBS expect bonuses since they have so obviously failed to meet the requisite capitalist benchmarks (i.e. make money and do not collapse). No offense but if all the banks in the country had suffered the same fate I'd be more sympathetic but not all of them have which suggests bad management, and bad decisions which should mean no bonuses.
3) the Government didn't think to cap bonuses months ago.

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