Posts Tagged ‘banks’
Recession Pay Day
It’s nice to see such talented individuals receive record levels of pay for their sterling work bringing the UK economy to the brink of total collapse…great work if you can get it!
“Executives at Britain’s top companies saw their basic salaries leap 10% last year, despite the onset of the worst global recession in decades, in [...]
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Tags: bankers, banks, bonuses, CEOs, crisis, downturn, economy, executives, news, pay, politics, recession
Back to business as usual
The collapse of the US financial sector never happened. Seriously;
“The financial giant JPMorgan Chase has announced second quarter profits of over $2.7 billion. The company repaid $25 billion in TARP aid last month but continues to rely on other federal help through the Federal Deposit Insurance Corporation and the Federal Reserve. JPMorgan is the second [...]
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Tags: banks, capitalism, crisis, economic crisis, jp morgan chase, news, politics, recession
Rewarding Failure
What happens if you run a bank which is expected to announce Britain’s largest corporate loss tomorrow, with 70% of said bank being taken into public ownership due to appalling acquisition and investment decisions?
Well, if you’re Sir Fred Goodwin, you immediately begin to withdraw a pension worth £650,000 per year at- wait for it-, the [...]
Filed under: news, politics | 5 Comments
Tags: banks, goodwin, government, NATWEST, news, politics, Royal Bank of Scotland
Banking a hooker
Interesting little story in the International Herald Tribune today about a former ‘Madam’ who ran a high class prostitution racket claiming she often invoiced clients from investment banks who used their corporate credit cards. Now taxpayers really are getting more ‘bang’ for their buck!
“The former madam, Kristin Davis, said her clients included investment bankers from [...]
Filed under: Fun, Random, humor, life, media, news, politics | 2 Comments
Tags: bankers, banks, economic crisis, hookers, prostitution
Apologies for the two day hiatus… a busy Friday and going to see England play rugby yesterday meant no time for blogging!
I’m pleased to read this morning that British chancellor Alastair Darling has decided to set up an independent review into the running of Britain’s banks. This follows the revelation that after receiving £20 billion [...]
Filed under: news, politics | 1 Comment
Tags: banks, Darling, david harvey, depression, economic crisis, gramsci, hayek, keynes, neoliberalism, Obama, recession
Who does Obama work for?
According to the script, Obama was brought to office riding the crest of a democratic wave, paid for through small individual contributions to his campaign. That is partly true. 45% of Obama’s donations were gained in this way, but what isn’t often discussed is the remaining 55%. Those who made large one-off donations to the [...]
Filed under: news, politics | 1 Comment
Tags: banks, economic crisis, funding, news, Obama, politics
Shoot the bankers…
and nationalise the banks. Those aren’t my words, but pretty much the sentiment of Philip Stephens writing in today’s Financial Times no less (not exactly a harbinger of revolutionary opinion!) in response to the government’s latest pisspoor plans to try and bailout the banking sector;
“On a recent visit to Washington I heard several people say [...]
Filed under: news, politics | 3 Comments
Tags: bankers, banks, depression, economic crisis, news, politics, recession, uk bailout
Today’s pre-budget report has had more government leaks that a garden hose. Gordon ‘No More Boom and Bust’ Brown and his Chancellor Alistair ‘Gordon told me to do it’ Darling are overseeing an economic disaster and are dumping a momentous future debt on my generation in the years to come. VAT is to be dropped [...]
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Tags: banks, budget, Darling, depression, economic crisis, Gordon Brown, merchant bankers, recession, VAT
AP BREAKING NEWS 1/11/08 -
Commentators have become concerned about California Governor Arnold Schwarzenegger’s mental state following a speech made at a McCain-Palin rally held in Columbus Ohio yesterday. Professional psychologists believed the Hollywood star turned politician may be suffering from a mild form of psychosis due to comments he made regarding Senator John McCain’s election chances [...]
Filed under: Random, humor, politics | 4 Comments
Tags: banks, election 2008, humour, McCain, news, Obama, Palin, politics, schwarzenegger
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