should bankers be forced to pay back there bonus.

[caterhamboy]

in light of everything, should the bankers at any level be made to pay back any bonuses they have had say in the last 5yrs? surely this would create a nice pool of money instead of the tax payer bailing them out. i know a lot will say they have spent it, but i say tough pay it back or face prison. they have all been greedy and it is affecting the man in the street.it's fraud..

Edited by caterhamboy on Tuesday 16th September 13:24

[Fidgits]

why?

if they earned them fair and square, why should they have to pay it back?

After all, lets face it, they are likely to be unemployed and could do with the cash

[Vesuvius 996]

caterhamboy said:

in light of everything, should the bankers at any level be made to pay back any bonuses they have had say in the last 5yrs? surely this would create a nice pool of money instead of the tax payer bailing them out. i know a lot will say they have spent it, but i say tough pay it back or face prison. they have all been greedy and it is affecting the man in the street. fraud..

Oh dear oh dear.

You clearly understand nothing about how the city works.

Bonuses are generally paid in shares, which you've no doubt noticed are now worthless.


Jealousy is a most unappealing trait.


Oh, and it's "their"

[Darkslider]

A lot of them will have had their bonuses in stock rather than cash too. Good luck paying them back

[tricky69]

caterhamboy said:

in light of everything, should the bankers at any level be made to pay back any bonuses they have had say in the last 5yrs? surely this would create a nice pool of money instead of the tax payer bailing them out. i know a lot will say they have spent it, but i say tough pay it back or face prison. they have all been greedy and it is affecting the man in the street. fraud..

Yeah good idea... And when your house loses another 30% the bank will come round and demand cash to bring you level.... Good Luck !!


You have to be joking right ?

[wolves_wanderer]

Nope, they should lose their jobs though. Which appears to be happening.

[mackie1]

While I don't agree with the OP it does astound me the kind of packages top level management get even if they fail utterly. Where's the incentive to guide a company in the right direction when you're quids in regardless of the outcome?

[oyster]

caterhamboy said:

in light of everything, should the bankers at any level be made to pay back any bonuses they have had say in the last 5yrs? surely this would create a nice pool of money instead of the tax payer bailing them out. i know a lot will say they have spent it, but i say tough pay it back or face prison. they have all been greedy and it is affecting the man in the street.it's fraud..

Edited by caterhamboy on Tuesday 16th September 13:24

Schools went back 2 weeks ago - stop skiving.

[Brabus Jord]

oyster said:

caterhamboy said:

in light of everything, should the bankers at any level be made to pay back any bonuses they have had say in the last 5yrs? surely this would create a nice pool of money instead of the tax payer bailing them out. i know a lot will say they have spent it, but i say tough pay it back or face prison. they have all been greedy and it is affecting the man in the street.it's fraud..

Edited by caterhamboy on Tuesday 16th September 13:24

Schools went back 2 weeks ago - stop skiving.

LOL, on the button!

[The GMan]

caterhamboy said:

in light of everything, should the bankers at any level be made to pay back any bonuses they have had say in the last 5yrs? surely this would create a nice pool of money instead of the tax payer bailing them out. i know a lot will say they have spent it, but i say tough pay it back or face prison. they have all been greedy and it is affecting the man in the street.it's fraud..

Edited by caterhamboy on Tuesday 16th September 13:24

Are you joking?

[Vesuvius 996]

The GMan said:

caterhamboy said:

in light of everything, should the bankers at any level be made to pay back any bonuses they have had say in the last 5yrs? surely this would create a nice pool of money instead of the tax payer bailing them out. i know a lot will say they have spent it, but i say tough pay it back or face prison. they have all been greedy and it is affecting the man in the street.it's fraud..

Edited by caterhamboy on Tuesday 16th September 13:24

Are you joking?

Sadly I don't think he is. In his world.

[esselte]

Vesuvius 996 said:

caterhamboy said:

in light of everything, should the bankers at any level be made to pay back any bonuses they have had say in the last 5yrs? surely this would create a nice pool of money instead of the tax payer bailing them out. i know a lot will say they have spent it, but i say tough pay it back or face prison. they have all been greedy and it is affecting the man in the street. fraud..

Oh dear oh dear.

You clearly understand nothing about how the city works.

Bonuses are generally paid in shares, which you've no doubt noticed are now worthless.


Jealousy is a most unappealing trait.


Oh, and it's "their"

A bit OTT..are shares an option? Could they take their bonus as cash?

[grumbledoak]

caterhamboy said:

in light of everything, should the bankers at any level be made to pay back any bonuses they have had say in the last 5yrs? surely this would create a nice pool of money instead of the tax payer bailing them out. i know a lot will say they have spent it, but i say tough pay it back or face prison. they have all been greedy and it is affecting the man in the street.it's fraud..

Around here, they are the man in the street. And quite a few of them are getting "affected". You plank.

[The GMan]

Vesuvius 996 said:

The GMan said:

caterhamboy said:

in light of everything, should the bankers at any level be made to pay back any bonuses they have had say in the last 5yrs? surely this would create a nice pool of money instead of the tax payer bailing them out. i know a lot will say they have spent it, but i say tough pay it back or face prison. they have all been greedy and it is affecting the man in the street.it's fraud..

Edited by caterhamboy on Tuesday 16th September 13:24

Are you joking?

Sadly I don't think he is. In his world.

Ha Ha Ha.

[NobleGuy]

Fidgits said:

why?

if they earned them fair and square, why should they have to pay it back?

Because they took greedy based risks that ended up affecting normal people's lives.
Although it could be said that its not their fault, more the banks for offering such rewards.

Apparently a lot of bonuses are paid in shares, so they're worth f*** all now anyway

[SpencerO]

try this..

http://www.moronsguidetotherealworld.com/

plank

[off_again]

esselte said:

Vesuvius 996 said:

caterhamboy said:

in light of everything, should the bankers at any level be made to pay back any bonuses they have had say in the last 5yrs? surely this would create a nice pool of money instead of the tax payer bailing them out. i know a lot will say they have spent it, but i say tough pay it back or face prison. they have all been greedy and it is affecting the man in the street. fraud..

Oh dear oh dear.

You clearly understand nothing about how the city works.

Bonuses are generally paid in shares, which you've no doubt noticed are now worthless.


Jealousy is a most unappealing trait.


Oh, and it's "their"

A bit OTT..are shares an option? Could they take their bonus as cash?

And if its a US company then they will be carefully controlled trading windows and insider registration.... Which makes the situation even worse! Some of the big fund managers for US companies have been fighting hand-and-tooth to get bonuses as cash as the shares drop on a weekly basis.

Imagine watching your multi-million bonus drop each and every day.... now that has got to be depressing!

[wolves_wanderer]

grumbledoak said:

caterhamboy said:

in light of everything, should the bankers at any level be made to pay back any bonuses they have had say in the last 5yrs? surely this would create a nice pool of money instead of the tax payer bailing them out. i know a lot will say they have spent it, but i say tough pay it back or face prison. they have all been greedy and it is affecting the man in the street.it's fraud..

Around here, they are the man in the street. And quite a few of them are getting "affected". You plank.

By their own actions? Ho hum.

[scotal]

esselte said:

Vesuvius 996 said:

caterhamboy said:

in light of everything, should the bankers at any level be made to pay back any bonuses they have had say in the last 5yrs? surely this would create a nice pool of money instead of the tax payer bailing them out. i know a lot will say they have spent it, but i say tough pay it back or face prison. they have all been greedy and it is affecting the man in the street. fraud..

Oh dear oh dear.

You clearly understand nothing about how the city works.

Bonuses are generally paid in shares, which you've no doubt noticed are now worthless.


Jealousy is a most unappealing trait.


Oh, and it's "their"

A bit OTT..are shares an option? Could they take their bonus as cash?

Not usually. They are also retained bonuses, so the shares can't be sold for a number of years, and if the person concerned leaves the bank of their own volition during any lock in period, , they may forfeit the right to the bonus shares.

Ergo, a trader may have got a £million pound bonus last year, but if 50% was paid in shares (at the time) then that bonus is worth substantially less today than when they received it.

[Tony*T3]

There might well be a case to answer for a very few of the 'top' people being involved in some seriously shady deals though. Thinking global Enron style shinnanigans here. If this is found to be the case then they should be prosecuted.

Would think it unlikly though as a jury wouldnt be able to understand the issues, as I hear that many of the suspect deals that have been put together even those involved didnt understand it all.