Lloyds Bank.. a Denini View

[gratedenini]

Look.. at the moment i`m on the BOMA. No 2 ways about it. Now--if anybody were to help me in my hour of need--I would be eternally grateful and indebted to them forever..and when and if I got back on me feet... I would certainly see them alright.

Goes without saying eh.

So, I hear the news today that Lloyds Bank have posted profits of TWO BILLION pounds... and the same people who got them into the shit are being paid a fortune in these bonuses etc.

We , the country bailed em out.. and I didnt disagree with doing that, but it just seems wrong to me that now they are out of the shit-- it seems to be just forgotten about.

They wouldn`t exist now if it wasn`t for us. We did nowt to save Redcar Steelworks. We did nowt to save all the mines etc etc.

It is totally obscene that these top people are being rewarded in such a way..when the whole venture is basically publically funded.

If I was in Libya--I might go on the street and wave a flag or summat..but in Consett... well it doesn`t seem quite the right thing!

I shall await to be Spangled, Wormed and maybe Liberally sprinkled by Tonto.

den

[rabid]

If I was in Libya--I might go on the street and wave a flag or summat..but in Consett... well it doesn`t seem quite the right thing!

I shall await to be Spangled, Wormed and maybe Liberally sprinkled by Tonto.

den

[Ed209]

yes, bankers are c**ts etc ...

don't forget though that we, the tax payer, own a 43.4% stake in them. So their profits are our profits

p.s. I'm not going to enter a banking argument, just stating a fact.

[jump]

Speaking of banks, how exactly did Barclays manage to only pay 1% tax on £11 billion profit? Was it just off shore subsidiaries or something?

[Bisque]

I work for a specialist recruitment agency that targets investment banks & consultants (think Lylods, HSBC, the Big 4 etc etc). Some of these guys won't take a job unless there is at least a 20% bonus, & with 5-7 years experience.

Spoke to one guy today who could pay for a Glasto ticket with on hours worth of work. I get payed bugger all.

Edited February 25, 2011 by zerocouch

[eFestivals]

the bonuses paid to the financial sector in the UK rose in value by six times during the last decade.

Their output didn't rise by six times. In fact, after the losses are taken into account, their output didn't rise at all.

Meanwhile, even after the 'new taxes' that have been put onto banks, etc, they are paying a lower percentage in tax now than they were 3 years ago, because of the cut in corporation tax.

But we're all in this together.

[Bisque]

I work for a specialist recruitment agency that targets investment banks & consultants (think Lylods, HSBC, the Big 4 etc etc). Some of these guys won't take a job unless there is at least a 20% bonus, & with 5-7 years experience.

Spoke to one guy today who could pay for a Glasto ticket with on hours worth of work. I get payed bugger all.

[gratedenini]

I work for a specialist recruitment agency that targets investment banks & consultants (think Lylods, HSBC, the Big 4 etc etc). Some of these guys won't take a job unless there is at least a 20% bonus, & with 5-7 years experience.

Spoke to one guy today who could pay for a Glasto ticket with on hours worth of work. I get payed bugger all.

[eFestivals]

yer cant knock em if someone offers them the riches on offer nowadays.

The root of these problems doesnt lie within the individuals...but within soceity as a whole...

The root of the problem lies within those words of yours, rather than just the part that starts "The root of the problem....".

[gratedenini]

The root of the problem lies within those words of yours, rather than just the part that starts "The root of the problem....".

[Ed209]

seeing as they're getting out of paying most of the corporation tax for the forseeable future, how do we get our share?

[Gre]

in dividends and an increase in share price which is beneficial when they are eventually sold.

Edited February 25, 2011 by Gre

[worm]

??? Eh? You`ve got yer Aesops Hat back out the cupboard haven`t yer!

What does that mean..

[worm]

According to Barclays Investor Relations - assuming these are the right type of shares, we as a country get 2.5p per share on the 18th March.

A quick glance of the spring 2010 results show 12,182,000,000 Barclays shares in total. If 43.4% of those belong to us - 52,869,880,000. 2.5p per share gives a dividend coming to us of £1,321,747,000.

£1.3 billion. That'd pay for a few libraries.

I'm sure I've overlooked something totally, but if we have the shares forever, we'll be getting 43.4% of their PAT (over time, through dividends), as well as the 27-28% of PBT we 'should' be getting through corporation tax.

[gratedenini]

He's crudely implying that it's because people such as yourself find this unscrupulous behaviour understandable and accept the motivation of greed as a given.

[worm]

Eh? WTF? Where am I saying i find it acceptable? You mean how i say that i dont blame the individual?

Is that what he`s saying? Never! Are you sure?

Will have to wait till Monday now I suppose, till Aesop is back.

eee lad.

den

[gratedenini]

To put it more succinctly, he's saying that you can knock them and that you should.

[worm]

The individuals? The footballers? Someones son/daughter? Nah!

I couldn`t fault one of my kids if it was them--i would fault the system for allowing it to happen.

Didnt I blame TWATCHER?

I think he is just provoking so he can use his Buttoine de Banne.

Aye. twaddle alright.

den

[gratedenini]

Are you not facilitating that system by understanding and accepting it without question, though but?

[feral chile]

neil doesn't seem to believe in an unequal distribution of wealth. I kind of agree, but it's easy to say when you're not having money thrown at you. It's not even capitalists who get this now, but celebrities. But I grudgingly accept it as the consequence of us all being prepared to spend more on our entertainment than essential services. (Tax, in other words).

But I do get riled when the ungrateful sods then gripe over putting something back in return for their good fortune. (Boring old taxes again, I'm afraid)

Trouble is, tax ain't sexy.

Edited February 26, 2011 by feral chile

[gratedenini]

neil doesn't seem to believe in an unequal distribution of wealth. I kind of agree, but it's easy to say when you're not having money thrown at you. It's not even capitalists who get this now, but celebrities. But I grudgingly accept it as the consequence of us all being prepared to spend more on our entertainment than essential services. (Tax, in other words).

But I do get riled when the ungrateful sods then gripe over putting something back in return for their good fortune. (Boring old taxes again, I'm afraid)

Trouble is, tax ain't sexy.

[markeee]

i think the real root of the problems lies within society, and a 'lost generation' , lazy families etc

banks are businesses, not charities, if you borrow money..expect to pay interest, simple

I don't understand why some people (erven small businesses moan about banks) they borrow money to run a business to try and make as much money as they can from us (consumers)? but moan when the banks 9a business) lend them money and charge high interest so they in turn can make as much profits as possible

not like all businesses emply a 'fair price' scheme

[worm]

I don't understand why some people (even small businesses moan about banks) borrow money to run a business to try and make as much money as they can from us (consumers) but moan when the banks (a business) lend them money and charge high interest so they in turn can make as much profits as possible.

[worm]

neil doesn't seem to believe in an unequal distribution of wealth. I kind of agree, but it's easy to say when you're not having money thrown at you. It's not even capitalists who get this now, but celebrities. But I grudgingly accept it as the consequence of us all being prepared to spend more on our entertainment than essential services. (Tax, in other words).

But I do get riled when the ungrateful sods then gripe over putting something back in return for their good fortune. (Boring old taxes again, I'm afraid)

Trouble is, tax ain't sexy.

Edited February 26, 2011 by worm

[gratedenini]

i think the real root of the problems lies within society, and a 'lost generation' , lazy families etc

banks are businesses, not charities, if you borrow money..expect to pay interest, simple

I don't understand why some people (erven small businesses moan about banks) they borrow money to run a business to try and make as much money as they can from us (consumers)? but moan when the banks 9a business) lend them money and charge high interest so they in turn can make as much profits as possible

not like all businesses emply a 'fair price' scheme