Banks in the US and UK have received large amounts of state funded support donated by taxpayers as a result of the economic downturn and are awarding themselves bonuses despite dreadful performances. Banks today are worth a fraction of what they used to be and should be prudent with our money. We say no to irresponsible greedy bank bonuses.
Who's benefitting from this - the general public? the bank's investors? consumers? We don't think so.
Banks have been built on an extended mountain of debt that they created and now that's collapsed.
Ordinary taxpayers receive penalties when they require financial assistance from the banks they themselves are now supporting and we think it's a matter of grave social injustice that arrogant bank executives reward themselves handsomely for doing the same thing.
Through government bailouts we have more of a stake in the banking system than ever and have a right to have a say in how much banks can make from their customers.
This group says we want bankers to return all bonuses, we want to see transparent accountability on the part of all bank businesses, and better regulation of what banks do on our behalf.
(read less)Banks in the US and UK have received large amounts of state funded support donated by taxpayers as a result of the economic downturn and are awarding themselves bonuses despite dreadful performances. Banks today are worth a fraction of what they used to be and should be prudent with our money. We say no to irresponsible greedy bank bonuses.
Who's benefitting from this - the general public? the bank's investors? consumers? We don't think so.
Banks have been built on an extended mountain of...
(read more)
