Reward Bankers Destroying Capitalism?
Capitalist | 09.02.2009 10:11 | Analysis | World
"Outrageous Bank Bonuses
Meanwhile greedy culpable bankers continue to reward themselves for failure with billions of tax payers monies across the globe. In the UK the Labour governments in-action is going to cost it the next election for allowing this to happen, after-all the banking rules and contracts have already been been broken in the aid of £800 billion of liabilities with more to come, the only contracts still being held up are those that allow bankers to be rewarded for destroying the British financial system. This is totally outrageous and unforgivable."
That from Market Oracle Newsletter which tells how to make money playing the Stock Market short term. They study the psychology of the Market and trade narrowly within a Bear or a Bull Market. Some of their ideas are pretty astute ploys, but a basic rule to consider setting yourself would be 'Don't sell short'. It is in the same category as that fundamental rule the Bankers came unstuck ignoring. "Do not lend long and borrow short". Short selling is particularly dangerous at present when we are on the brink of hyperinflation.
Last month the price of houses rose. The fundamental reason for that is the terrifying scope for hyperinflation caused by the way Govenments are dealing with the Bank failures.
People with money in the Bank are starting to buy Houses and Gold. Not entirely wise, if the system breaks and there is no action to see that no one freezes or starves then population reduction could really knock the price of houses.
One way to put things right would be a severe retrospective (going back some years) taxation on incomes at the pre Thatcher rates. And Bonuses to count as incomes. Many Rich are now in the Labour Party, so there is little chance of that happening.
How many real Conservatives remain in the Tory Pary since Thatcher sold the Family Silver?
Meanwhile greedy culpable bankers continue to reward themselves for failure with billions of tax payers monies across the globe. In the UK the Labour governments in-action is going to cost it the next election for allowing this to happen, after-all the banking rules and contracts have already been been broken in the aid of £800 billion of liabilities with more to come, the only contracts still being held up are those that allow bankers to be rewarded for destroying the British financial system. This is totally outrageous and unforgivable."
That from Market Oracle Newsletter which tells how to make money playing the Stock Market short term. They study the psychology of the Market and trade narrowly within a Bear or a Bull Market. Some of their ideas are pretty astute ploys, but a basic rule to consider setting yourself would be 'Don't sell short'. It is in the same category as that fundamental rule the Bankers came unstuck ignoring. "Do not lend long and borrow short". Short selling is particularly dangerous at present when we are on the brink of hyperinflation.
Last month the price of houses rose. The fundamental reason for that is the terrifying scope for hyperinflation caused by the way Govenments are dealing with the Bank failures.
People with money in the Bank are starting to buy Houses and Gold. Not entirely wise, if the system breaks and there is no action to see that no one freezes or starves then population reduction could really knock the price of houses.
One way to put things right would be a severe retrospective (going back some years) taxation on incomes at the pre Thatcher rates. And Bonuses to count as incomes. Many Rich are now in the Labour Party, so there is little chance of that happening.
How many real Conservatives remain in the Tory Pary since Thatcher sold the Family Silver?
Capitalist
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