His bonus reflects his performance as of last year. Overall, he has made RBS a much less risky organization. RBS turned over a profit of 1.5bn last year. There must be an incentive for this. Without him, you can say goodbye to tax payer’s money. Quite simple. For all those people in the general public who know fuck all about investment banking, stop jumping on the ‘ALL bankers are to blame band wagon’ and keep your noses out our affairs. Quite simple. His bonus had already been cut in half.
...As (probably) the highest rewarded Public Servant on the Planet, he has failed in his duty to conduct himself in a manner that inspires confidence or trust. This can reasonably be expected of the lowest-paid, and is the norm in the Public Sector. Hester has bowed to the inevitable...not through any sense of decency or honour, but as a result of the public disgust generated by the flagrant abuse of his position...
Stephen Hester has not only demonstrated pitifully flawed judgement regarding the matter of his bonus. He has also cast doubt on his political timing, his motives and intentions on accepting this position, which carried a weight of social, as well as fiscal responsiblity, and his fitness to take on this responsibilty, when the public perception of "Bankers" is at an all-time low. He has perpetuated the understanding that Bankers, with their gross sense of entitlement, are a breed apart
His bonus reflects his performance as of last year. Overall, he has made RBS a much less risky organization. RBS turned over a profit of 1.5bn last year. There must be an incentive for this. Without him, you can say goodbye to tax payer’s money. Quite simple. For all those people in the general public who know fuck all about investment banking, stop jumping on the ‘ALL bankers are to blame band wagon’ and keep your noses out our affairs. Quite simple. His bonus had already been cut in half.
...By "our affairs" I suppose you mean your nose-in-the-trough, money-grubbing exploits, playing with billions you never earned on behalf of those who did in a consequence-free environment... Yes?
What do we need to know about Investment Banking that hasn't already driven this country to the brink of economic collapse?
I love dissecting the arguments of Corporate Apologists.
This is probably a smokescreen to make the public think that Capitalism can be fair. I reckon he'll get a bigger bonus in 2 years time which will compensate for this one, or he'll walk away with a massive payout.
Capitalism isn't working, I think we should live like the Amish community and be self sufficient rather than rely on right wing nut jobs that just want to screw you over like they did during the slave trade.
I love that; "we're really grateful for all that money you gave us. And we're going to pay you back by giving good customer service and paying back the ultra cheap loan you gave us" That's not gratitude Stephen; that's the law.
@pangratata HE IS NOT ADMIRABLE, HE'S AN ASSHOLE ! RBS IS OWNED BY BRITISH TAXPAYERS. HESTER IS AN INCOMPETENT CUNT, HE IS DOING NOTHING TO HELP STIMULATE THE UK ECONOMY. HESTER IS MOTIVATED BY PERSONAL GREED.
I just saw the BBC just spent 30 Minutes on the story of this guy who I and most people have never heard of giving up his bonus. Is this worthy of 30 minutes of news what the hell how about the people dying in Syria I guess that is not news worthy to the BBC
Stephen Hester should not take it personal over the attacks on his BONUS ,it is the crooked Bankers who should be brought before the courts we are after. As Cameron is from a family of Bankers we can see why he dose nothing unlike President Obama who has gaoled numerous Bankers.People still compare wages of footballers, film stars and company bosses high wages to excuse the bankers they ALL receive too much but the latter do work for it.
Also, I think we are getting a little off-topic here.
The question being does Hester deserve an additional million above his 1.2 million salary?
He is a representative of a cabal of greedy, self-serving individuals who would have us believe they represent unique, irreplaceable and immense talent for what they do...They clearly don't. They are irresponsible Opportunists who leave others (ie, the taxpayer) to pick up the tab for their gleeful abuses and unaccountable risk-taking.
@steveh777ify Yes, I think his bonus reflects his performance as of last year. Quite simple. His bonus had already been cut in half. Well, that's fine my man - you're entitled to your own opinion. But I'm afraid the facts are all on my side. Like I say, these are highly paid jobs for highly performing individuals at the top of their game. Top of the tree. Can I be clearer? In any industry, there is a superior. Its dog eat dog. Every man for himself.
@steveh777ify ha ha, these were the side affects of goodwin, not Hester. Goodwin ended a failure. Job cuts HAD to be made otherwise it would be even worse!! The 09/10 losses were inevitable due to the cash flow problems.Do you see what I'm saying Steve? In order to get RBS back on track, changes had to be made - some of which regrettable. But now its on the up again.
@steveh777ify Experience and an a flawless understanding of derivatives. His experience and track record is the reason he was poached. The UK Labour government found the best man for the job. He is delivering. Very few people have his track record of success. Those who do would demand more.
@steveh777ify Also, money is the name of the game here. These are highly paid jobs for highly performing individuals at the top of their game! American Footballers sign $100m contracts - that's their line of business! Johnny Depp is paid $20m per movie - that's his thing! A road sweeper is paid pittance - but that's HIS line of business and that's the route HE took! You make your bed, you sleep in it. Some people ARE over paid and this should be stopped. Its not fair.
@steveh777ify Experience and a flawless understanding of derivatives. His track record and experience are the reasons he was poached. The UK Labour government selected the best man for the job. He is delivering. Very few people have his track record of success. Those who do would demand more in his position. Remember, he took over in 08 - after the bank fell under Goodwin. He has been given the responsibility to repair.
Steven Hester is being paid the going rate for someone in his role in the financial sector - end of! The UK's 1st class credit rating (unlike most of Europe) is testament to the performance people in investment banks are delivering up-and-down the UK!!!!!!!!! its Proof. ha ha
I guess I'm still a little confused, though very teachable.
My understanding was that the very argument you employ was also applied to Fred Goodwin. His "performance" is a matter of record.
You are also implying that Hesters "talent" is virtually irreplaceable...it isn't. He is not a unique individual. He is a mere Banker. I have already highlighted his demonstrable failing by virtue of his lack of awareness concerning the wider social issue within his remit...
@steveh777ify No its clear that his words didn't apply to Fred Goodwin when he said 'there are some people who made huge mistakes (i.e. Fred Goodwin) which brought banks to their knees.' Fred Goodwin was a knob head and I think he knows it. Failure should never be rewarded.
@steveh777ify And no, Hester's talent certainly isn't irreplaceable - he doesn't need this job. They need him. But anyone to replace him would demand the same market value. End of story.
@steveh777ify With all due respect Steve, I don't think you know what you're talking about. Its a very complicated world - if only if could be as simple as you make out. Frankly, the wider social issue will have to wait... this isn't just a problem within the UK, its a global problem. People need to stop being so naive and look at the bigger picture. The people of the UK sound really short sighted to me...its not just you! Its the hole world...Get real.
" top talent within global financial institutions"
Please, what talent. a talent for total failure. A talent for taking risks not with your own money but other peoples. Hester and his kind are to talent what the captain of the concordia was to navigational skills.
It is fundamentally correct that this repellant, disdainful, supercilious individual with his innate sense of entitlement is vilified and placed firmly in the spotlight. It also gives us to understand that the true nature of this government of old Etonians and Aristocrats is to protect one of "their own" whilst pissing on the rest of us and telling us it's raining.
Since the Recession in 2008, Hester has trousered £35,000,000 with a further £3,300,000 stacked up in future Share Options. He has shed 21,000 jobs at RBS and halved the share price. His bank is implicated in mis-selling PPI, and prsided over losses of £3.6 Billion in 2009, and £1.6 Billion in 2010.
It begs the question, how much would he be holding out for if he had done a passable job as opposed to a pitiful one?
This was two years ago this video and they ARE STILL GETTING BONUSES ! They are getting them because we are a push over and DO NOTHING TO STOP THEM ! They are taking the continual piss out of us
These banks have totally ruined many peoples lives. The bankers in the high positions are guilty of knowing this happened and allowing it to happen. They do not even refuse their bonus on top of their over inflated fat salaries - guilt enough.
They will not be punished - the government is too full of fat greedy slobs who are poncing off the public at our cost.
They will not be flogged, jailed, tortured and ultimately executed which they fucking well should be. These people deserve punishement !
@PeacefrogRecords We bring in billions of annual revenue for the UK. Sure, a small minority of bankers made huge mistakes in 2007/08, but the vast majority of us undertake extremely important roles and deliver invaluable results for the UK. Certain outstanding individuals within the banking world - like Stephen Hester - may rewarded for their outstanding performances, but I don't hear people complaining about footballers being paid 250k a week for kicking a bag of air around.
@JamesCadbury1284 All you people love jumping on band wagons. Have you even ever stepped inside an investment bank in the city?? Far cry from a retail bank on the high street, I can assure you.
I can't imagine the conditions you labour under. All that responsibility for placing money you never earned on behalf of those he worked for it?
..The ever present fear of being responsible for your actions. knowing full well that you will be obscenely rewarded for "success" whils we, the Taxpayers. will bail you out when (not if) you fuck up...as you have done. Monumentally so.
@JamesCadbury1284 Football is not a public service. Footballers are backed by people who have nothing better to do with their lives than kick a pigs bladder around. I dare say Hester has done a good job but that's no reason for him to follow suit.
If your business is doing well Mr Hester, doesn't that mean that somebody else's business isn't doing so well. Stop trying to blind the people with science and mumbo jumbo. Tell me in plain language why you should receive a £1,000,000 early retirement package? Is it because you are the worlds best bean counter?
@counterintel99 Because he has delivered outstanding results for RBS and is turning the tide in extremely turbulent circumstances - the will result in large profits for RBS being made in the next forecast. RBS has already turned over 1.2bn profit under Stephen Hester from 2011/12 - this is why he should be rewarded appropriately.
@JamesCadbury1284 Bankers practice usury. Therefore they make enough money out of us. They then gamble OUR MONEY and expect the public to pick up the bill when things go wrong for them. It's all a scam and needs proper and fair regulations. If £1,000,000 is appropriate reward for a bean counter, then I think the road sweepers deserve £3,000,000.
@counterintel99 Ok, firstly, taking into consideration the top talent within global financial institutions bring in billions in annual profit for their banks - without which countries like the UK, which is a hub for finance, would be at their knees - it is essential there are incentives for these results.
@JamesCadbury1284 Yes. I'm forced to agree. Some people would probably accept that a £35 million reward package over 3 years was a reasonable incentive. Unfortunately, to those with the Hester/Goodwin mindset, the word "enough" does not exist. This "top talent" you refer to is an interesting argument. Correct me if I'm wrong, but didn't this "talent" drive this country to the brink of economic collapse? Goodwin was the "talent" at that time, if memory serves.
@JamesCadbury1284 And we are invited to tremble with trepidation at the thought of these predatory leeches stepping down, and leaving us bereft of their superhuman talent...
I saw your (presumed) role-models at the FSA Hearing/Inquest after the Northern Rock meltdown: Goodwin was squirming with embarrasment like a ten year old caught masturbating in class over the student teacher.
Wake Up Buddy. No one is buying into your worldview.
@JamesCadbury1284 You rapidly withdrew your last posting, which I had a chance to read. You spoke of Hesters Global responsibility??
..Well allow me to retort:
If this is the case, then Hester should accept that he has a social, as well as a fiscal responsibility. He has clearly demonstrated to the British Public that his primary driver is self-serving greed. He has failed to appreciate the depth of feeling towards those of his worthless, predatory ilk, and has created division and friction...
@steveh777ify With all due respect, I think you're speaking out of your ass and you're way out of you're way out of your depth. It is true that some people people within the financial services made colossal mistakes and took unauthorized risks which led to the downward spiral of some banks - this goes without saying. It is understandable that people are infuriated by this. However, I can safely say that the majority of these people perform on an exceptional level.
@steveh777ify What you must understand is that if the UK is to carry on competing on the same level, it is crucial that all institutions source the best talent from around the world, and it must pay for this talent. If we DON'T, this talent will go elsewhere and be paid a lot more. I'm afraid the proof is in the pudding with Hester - his results more than satisfactory. If we decide NOT to pay the going rate for someone with his experience, understanding and ability, RBS will fail.
@steveh777ify Result of this: tax payers will NOT get their money back. It really is as simple as this. Hester and the board of RBS will fly off to Switzerland, Shanghai or New York where they will be paid 10 times more with ease. You can't have your cake and eat it. I know its not fair sometimes, but this has been going on for centuries. Its only now that the 'honest, hard working man' has seen through the once blackened out windows of the swirling world of finance.
@steveh777ify If you ever asked yourself if Gordon Gekko really exists. The answer is yes, and there are many of his type around. In the world of international finance, 'greed, for a lack of a better word, really is good'
@JamesCadbury1284 ..which incorporates a mandate to cleanse RBS's of the stigma of greed and avarice, which it so richly deserves, and which Hester seems intent in rubbing our noses in. You seem to be suggesting that he is the only person who can take this job on board, and produce a result. I don't believe this is the case. You also suggest that Hester can earn (let's do the Maths...) £350 Million for the same 3 years work if he buggers off abroad...Well, if You Say So.
@JamesCadbury1284 RBS is a Taxpayer bailed-out Institution 82% government-owned. Your Gordon Gekko analogy does not apply. The taxpayer has positioned Hester to earn a Kings Ransom from our intervention, and rather than demonstrate a shred of honour, judgement and decency this "exceptional" individual has chosen to
clearly demonstrate to the British Public that he has nothing but contempt for those placing their misguided trust in him.
@steveh777ify And, on normal standards, Hester is being paid below minimum for his efforts. Hard to appreciate, but REAL man...Dude - seriously...RBS maybe bailed out by the tax payer but its going to be a LOT worse if you don't pay the guy his dues. Come to Wall Street - I think you'll die! ha ha
@steveh777ify This really is capitalism at its best - people work for years to get to the top of the tree - they don't do it for nothing. And there has GOT to be a reward for it - period. But I agree with you on this: it seems unfair that some people have to work a lifetime to earn a million quid when some people in the world of finance get paid this amount as a mere bonus. But its apples and oranges... F1 is more well paid than F3, barristers are more well paid than you're average lawyers.
@counterintel99 As CEO of RBS, Stephen Hester is on a global level, and his responsibilities include managing RBS's balance sheet and transforming it into a profit institution again, which he is doing this successfully. In 2011, RBS forecast 1.5bn annual profit. A road sweeper's responsibility is to merely sweep the road - there really is not comparison in responsibility. His bonus is poor compared to what he could be paid elsewhere. welcome to the world of derivatives.
@JamesCadbury1284 Please could you explain to me why somebody who has a salary worth 1.6 million a year needs a bonus of 1 million if he does his job properly? Shouldn`t he do that anyway.
With respect fuck his contract and fuck his bonus. Rip it up, Cameron is doing that right now with millions of other workers in the public sector. RBS is owned by the taxpayer rip it up. And if he can get better payed elswhere then he can go. Please fuck off somewhere else.
No he doesn`t have more responsibility than a road sweeper. In fact he has no responsibility at all. He can be entirely useless and still pick up his 1.6 million salary and 1 million bonus plus shares. At least the road sweeper might lose his job if he is useless at road sweeping. How about a surgeon or nurse, policeman and fire fighter why don`t they get a bonus for lives saved.
@steveh777ify It is bizzarre isn`t it. They screw up the worlds economy. They then blackmail the very people who`s lives they have ruined. "I`ll leave unless you let us carry on as before". What sort of people are they and why are we putting up with it. We should call their bluff, cancel their bonuses, and replace them. It`s not as if we are losing another Einstein or Brunel is it.
Hester is a mediocrity with a sense of entitlement inversely proportional to his questionable skill set. I don't at all buy into this idea that these people are so immensely talented that they can dictate terms to the British People.They have already proven that the diametric applies. I don't think I'll lose any sleep if Hester deprives us of his company to seek richer pastures, where (presumably) immortality and deification are part of the package
Is it the 21,000 job losses? The halved share price? The £3.6 billion loss in 2010? The mere £1.6 billion loss in 2011?
This man has the remit, support and resources without any of the concern of the consequences of failure..knowing he will be obscenely (not "appropriately") rewarded regardless of performance.
totally outrageous money grabbing greed as usual !
if i was running the show Hester would be paid no more than 50k per year with zero bonus. and if he didnt like it he'd be looking for another line of employment as he would be told the same from any other bank. his £2 million bonus from last year should be confiscated!
All those rich business people should cough up all those millions in unpaid taxes theyve been avoiding for years!!!
and no footballer should be paid more than 1k per week!!!
On my statement, I found doubled transactions, not existing transactions (confirmed with recipients), sliding transactions to get me below “0”, charges for not existing unarranged overdrafts and £30 penalties for £0.06 of overdraft. You will regret your actions.
I ADVISE THE PEOPLE, DO NOT BE STUPID AND CHECK YOUR STATEMENTS, PLEASE.
I will continue to unfold new episodes of the exact way they operate and how it affects customers.
Remember The 20p Over Drawn Scam The Bankers Fine People £30pound for going over drawn by 20p Then The Bankers and staff run the Bill With Judges upto 100Pounds to £1000s Pounds and Then Baylifts fines too....Then MP's Lords Payed A Judge To Get The Banks Of,,,,, its in history tv news
Bullocks, or here in the US, bullshit. The bankers here in the US are now lying about their illegal loans. They are generally scum. I have had personal experience about this.
This guy is either very stupid or a very good actor.... it doesn't even make sense, "get their 45 billion back at a profit".... scapegoats, "we can live with that"
We need a lot more than 40 Billion, they must reduce salaries to a maximum of 50K and year and not give any bonuses until the national debt has been paid off.
Yes it sounds so stupid and childish to write this, but we're all conditioned to continue accepting theft from people wearing suits and ties
I don`t know a lot about Banking - and that`s an overstatement. But I think these Bankers should receive zero bonus ( at the most ) until they have repaid every penny back to the taxpayer.
happy times for the bankers,bonuses due jan 11 small increase to 7 billion how do you become a banker only industry you can bankrupt and be rewarded.23johnmc
We link this about fraud, RBS together with BSCH: more to be found here: ref2882.web-log.nl/blog/ this new fraud not the ones already know, it's taxmoney Mr. S.H. from RBS and Mr. J. K. former RBS(RD Europe)BV now with BSCH, Banco Santander that is. More than millions!
hey all.... barclays is a big big bank that has played its its part in the financial crisis, the global arms trade and a variety of environmentally unsustainable projects.... search the below for an effective, peaceful way to change the way they operate.
RBS could undercut all the other banks and give a better return on investments and make massive profits. But they won't because tthe other banks would cry 'foul' . Why should anyone care if the other banks went under? We will never see a penny of their profits.' Expropriate the banks'' used to be a slogan of the Left. Now it's 'No bonuses'! FFS!
??? how can you defend something which is undefendable. We bailed them out, you owe us billions yet see fit to give OUR money for bonuses. As I part own your stupid bank I demand you pay us back.
the thing is , the bankers in london have a high earning power, fair enough they failed recently, if there not paid a bonus they will go abroad and earn better money, we have to pay to keep them. People who say "why pay them a bonus at all" are living in a bubble.
That's why in NY they are threatening to come leave and come here. It's a bluff, all this unsubstantiated "we would have earned more had we been able to pay bigger bonuses" is lies. Banks are not that mobile and will not move out of essential financial sectors like London while there is money to be made. There will be another round of Cambridge grads to replace these amazing people who oversaw the largest corporate loss in British history.
If they can earn better money abroad then let them go. It is a major red herring to make that claim. They keep saying it, but plenty of banks have NOT paid bonuses, even thought they have returned to profit, yet they have not seen an exodus of employees. Bonuses should NOT be paid, especially when your business is 84% public owned at this time...
What people also fail to mention is where their 'profits' are coming from. Undeclared losses and buying and selling the same toxic crap that got us into this mess in the first place. These criminals are not worth "the money", they are busy looting the free money before it all blows up again.
1.3 billion is a huge amount of money, people are so used to hearing about billions being spent and lost now they are losing perspective.
You are being looted by finance oligarchs, wake up and smell the tyranny, you docile fucks. But I suppose for as long as you have a spectacle like football or X factor, or some brain-dead gossip to invest your psychological worth in, you will continue to love being serfs and you will always love your servitude. No wonder the " elites " refer to you as cattle.
@mmtot So totally true. It's only because (we) are totally diminished as a nation, and a country for the reasons you correctly note, that the greasy, squalid and self-serving likes of Hester and his ilk can leech from us without fear of retribution or accountability.
@steveh777ify Hester and anyone in the public eye are just minions of the real power structure thay never displays itself, the people who own the money/ debt printing machines, they have aquired tens of trillions.
@steveh777ify They monetary system's primary function is to perpetrate the fraud of a unsolvable mathematical equation that uses the instrument of debt to enslave the entire species and can never be repaid so to transfer the material wealth of the public to the people who own the system. That is all your paper money and digitzed money is, and whatever illusionary value the collective consiousness of humanity give it.
@mmtot You are correct. Hester, Diamond and co. are minions of a depraved and exploitist system. However, their self-serving greed acts as a useful focus. These people are divorced from reality.. The very concept of a CEO of a failed and bailed out bank receiving any form of "bonus" is a complete travesty.
Listening to these corporate weasels attempting to justify their greed is sickening. They should be collectively drowned in a sack as as act of spiritual mercy.
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His bonus reflects his performance as of last year. Overall, he has made RBS a much less risky organization. RBS turned over a profit of 1.5bn last year. There must be an incentive for this. Without him, you can say goodbye to tax payer’s money. Quite simple. For all those people in the general public who know fuck all about investment banking, stop jumping on the ‘ALL bankers are to blame band wagon’ and keep your noses out our affairs. Quite simple. His bonus had already been cut in half.
pangratata 1 month ago
...As (probably) the highest rewarded Public Servant on the Planet, he has failed in his duty to conduct himself in a manner that inspires confidence or trust. This can reasonably be expected of the lowest-paid, and is the norm in the Public Sector. Hester has bowed to the inevitable...not through any sense of decency or honour, but as a result of the public disgust generated by the flagrant abuse of his position...
...and over to you pangratata???
steveh777ify 1 month ago
@steveh777ify ha ha, I love this Steve, its great fun.
pangratata 1 month ago
@steveh777ify I'm actually beginning to quite like you. You amuse me on a fairly busy Monday evening.
pangratata 1 month ago
Premise:
Stephen Hester has not only demonstrated pitifully flawed judgement regarding the matter of his bonus. He has also cast doubt on his political timing, his motives and intentions on accepting this position, which carried a weight of social, as well as fiscal responsiblity, and his fitness to take on this responsibilty, when the public perception of "Bankers" is at an all-time low. He has perpetuated the understanding that Bankers, with their gross sense of entitlement, are a breed apart
steveh777ify 1 month ago
His bonus reflects his performance as of last year. Overall, he has made RBS a much less risky organization. RBS turned over a profit of 1.5bn last year. There must be an incentive for this. Without him, you can say goodbye to tax payer’s money. Quite simple. For all those people in the general public who know fuck all about investment banking, stop jumping on the ‘ALL bankers are to blame band wagon’ and keep your noses out our affairs. Quite simple. His bonus had already been cut in half.
pangratata 1 month ago
@pangratata YOU Again!
...By "our affairs" I suppose you mean your nose-in-the-trough, money-grubbing exploits, playing with billions you never earned on behalf of those who did in a consequence-free environment... Yes?
What do we need to know about Investment Banking that hasn't already driven this country to the brink of economic collapse?
I love dissecting the arguments of Corporate Apologists.
Where to begin is the question:
(To be continued...)
steveh777ify 1 month ago
@steveh777ify ha ha, I really like you actually.
pangratata 1 month ago
@pangratata Yes. For your part, you're moderately entertaining too.
...Predictable
(But Entertaining regardless)
steveh777ify 1 month ago
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steveh777ify 1 month ago
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pangratata 1 month ago
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@steveh777ify ha ha, of course, most of the pleasure is all yours.
pangratata 1 month ago
Withdraw your money immediately like Im doing so far before its too late!
19GirlBad 1 month ago
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This is probably a smokescreen to make the public think that Capitalism can be fair. I reckon he'll get a bigger bonus in 2 years time which will compensate for this one, or he'll walk away with a massive payout.
Capitalism isn't working, I think we should live like the Amish community and be self sufficient rather than rely on right wing nut jobs that just want to screw you over like they did during the slave trade.
caketheory 1 month ago
What exactly is his 'talent'?????
sirtinycreep 1 month ago
I love that; "we're really grateful for all that money you gave us. And we're going to pay you back by giving good customer service and paying back the ultra cheap loan you gave us" That's not gratitude Stephen; that's the law.
theredpillplease 1 month ago
He is admirable for giving up a bonus he deserved. Considering the circumstances, it was the right thing to do.
pangratata 1 month ago
@pangratata HE IS NOT ADMIRABLE, HE'S AN ASSHOLE ! RBS IS OWNED BY BRITISH TAXPAYERS. HESTER IS AN INCOMPETENT CUNT, HE IS DOING NOTHING TO HELP STIMULATE THE UK ECONOMY. HESTER IS MOTIVATED BY PERSONAL GREED.
NUNCLEFRITZ 1 month ago
@NUNCLEFRITZ ha ha ha
pangratata 1 month ago
@NUNCLEFRITZ God bless him and capitalism. I must also be a one of these people - feels good! Greed is good.
pangratata 1 month ago
@pangratata Indeed.
It's been an effective smokescreen, and a distraction from the £39,000,000 he will have realised since 2008 in salary, share options and "incentives"
So "Business as Usual" going forward, presumably???
steveh777ify 1 month ago
And as of now its still on this is not news
mity15 1 month ago
I just saw the BBC just spent 30 Minutes on the story of this guy who I and most people have never heard of giving up his bonus. Is this worthy of 30 minutes of news what the hell how about the people dying in Syria I guess that is not news worthy to the BBC
mity15 1 month ago
Gawd bless yer guv ....you've sacrificed your hair transplant for us poor
ravensmead 1 month ago
Stephen Hester should not take it personal over the attacks on his BONUS ,it is the crooked Bankers who should be brought before the courts we are after. As Cameron is from a family of Bankers we can see why he dose nothing unlike President Obama who has gaoled numerous Bankers.People still compare wages of footballers, film stars and company bosses high wages to excuse the bankers they ALL receive too much but the latter do work for it.
kitwann1 1 month ago
@kitwann1 I agree.
pangratata 1 month ago
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steveh777ify 1 month ago
Also, I think we are getting a little off-topic here.
The question being does Hester deserve an additional million above his 1.2 million salary?
He is a representative of a cabal of greedy, self-serving individuals who would have us believe they represent unique, irreplaceable and immense talent for what they do...They clearly don't. They are irresponsible Opportunists who leave others (ie, the taxpayer) to pick up the tab for their gleeful abuses and unaccountable risk-taking.
steveh777ify 1 month ago
@steveh777ify Yes, I think his bonus reflects his performance as of last year. Quite simple. His bonus had already been cut in half. Well, that's fine my man - you're entitled to your own opinion. But I'm afraid the facts are all on my side. Like I say, these are highly paid jobs for highly performing individuals at the top of their game. Top of the tree. Can I be clearer? In any industry, there is a superior. Its dog eat dog. Every man for himself.
pangratata 1 month ago
I'm glad you put me right on that. I'm Sold.
...Now tell it to the rest of the Country, the government and the media, I'm sure they'll see it your way too
steveh777ify 1 month ago
@steveh777ify Regardless, its the only way.
pangratata 1 month ago
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pangratata 1 month ago
How do you define "delivering" (Didn't I ask this before...?)
21,000 job loses.
£3.6 Billion losses in '09
£1.3 Billion in '10
RBS Share price practically halved.
Am I missing something here?
steveh777ify 1 month ago
@steveh777ify ha ha, these were the side affects of goodwin, not Hester. Goodwin ended a failure. Job cuts HAD to be made otherwise it would be even worse!! The 09/10 losses were inevitable due to the cash flow problems.Do you see what I'm saying Steve? In order to get RBS back on track, changes had to be made - some of which regrettable. But now its on the up again.
pangratata 1 month ago
@pangratata You haven't answered my question, only sidestepped it.
steveh777ify 1 month ago
@steveh777ify ALL answers below. I've been precise and very clear in answering your question.
pangratata 1 month ago
Remind me of the unique skills that Hester apparently possesses, and which no one else can apply?
I'm all ears...
steveh777ify 1 month ago
@steveh777ify Experience and an a flawless understanding of derivatives. His experience and track record is the reason he was poached. The UK Labour government found the best man for the job. He is delivering. Very few people have his track record of success. Those who do would demand more.
pangratata 1 month ago
@pangratata Derivatives and financial instruments were the problem in the first place.
How do you define "more" are you suggesting £35.000.000 is a lowly salary for 3 years work?
I have to say, I'm feeling marginally underpaid here?
steveh777ify 1 month ago
@steveh777ify WHAT? ha ha.
pangratata 1 month ago
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steveh777ify 1 month ago
@steveh777ify Also, money is the name of the game here. These are highly paid jobs for highly performing individuals at the top of their game! American Footballers sign $100m contracts - that's their line of business! Johnny Depp is paid $20m per movie - that's his thing! A road sweeper is paid pittance - but that's HIS line of business and that's the route HE took! You make your bed, you sleep in it. Some people ARE over paid and this should be stopped. Its not fair.
pangratata 1 month ago
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steveh777ify 1 month ago
@steveh777ify Experience and a flawless understanding of derivatives. His track record and experience are the reasons he was poached. The UK Labour government selected the best man for the job. He is delivering. Very few people have his track record of success. Those who do would demand more in his position. Remember, he took over in 08 - after the bank fell under Goodwin. He has been given the responsibility to repair.
pangratata 1 month ago
Steven Hester is being paid the going rate for someone in his role in the financial sector - end of! The UK's 1st class credit rating (unlike most of Europe) is testament to the performance people in investment banks are delivering up-and-down the UK!!!!!!!!! its Proof. ha ha
pangratata 1 month ago
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steveh777ify 1 month ago
@pangratata And we're all living with the consequences of this "performance"
No?
steveh777ify 1 month ago
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pangratata 1 month ago
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pangratata 1 month ago
I guess I'm still a little confused, though very teachable.
My understanding was that the very argument you employ was also applied to Fred Goodwin. His "performance" is a matter of record.
You are also implying that Hesters "talent" is virtually irreplaceable...it isn't. He is not a unique individual. He is a mere Banker. I have already highlighted his demonstrable failing by virtue of his lack of awareness concerning the wider social issue within his remit...
steveh777ify 1 month ago
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pangratata 1 month ago
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pangratata 1 month ago
@steveh777ify No its clear that his words didn't apply to Fred Goodwin when he said 'there are some people who made huge mistakes (i.e. Fred Goodwin) which brought banks to their knees.' Fred Goodwin was a knob head and I think he knows it. Failure should never be rewarded.
pangratata 1 month ago
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@steveh777ify And no, Hester's talent certainly isn't irreplaceable - he doesn't need this job. They need him. But anyone to replace him would demand the same market value. End of story.
pangratata 1 month ago
@steveh777ify With all due respect Steve, I don't think you know what you're talking about. Its a very complicated world - if only if could be as simple as you make out. Frankly, the wider social issue will have to wait... this isn't just a problem within the UK, its a global problem. People need to stop being so naive and look at the bigger picture. The people of the UK sound really short sighted to me...its not just you! Its the hole world...Get real.
pangratata 1 month ago
Hesters closing statements included:
"responsible approach"
"RBS is not a Poster-Child for excess...pay included"
"..to prove we have changed and reformed"
...Why am I not convinced???
steveh777ify 1 month ago
" top talent within global financial institutions"
Please, what talent. a talent for total failure. A talent for taking risks not with your own money but other peoples. Hester and his kind are to talent what the captain of the concordia was to navigational skills.
InkSmudge81 1 month ago
@InkSmudge81 I do believe you are entirely correct in your assessment.
steveh777ify 1 month ago
It is fundamentally correct that this repellant, disdainful, supercilious individual with his innate sense of entitlement is vilified and placed firmly in the spotlight. It also gives us to understand that the true nature of this government of old Etonians and Aristocrats is to protect one of "their own" whilst pissing on the rest of us and telling us it's raining.
Hester should be publically horsewhipped.
steveh777ify 1 month ago
Hesters £963,000 is a deliberate distraction.
Since the Recession in 2008, Hester has trousered £35,000,000 with a further £3,300,000 stacked up in future Share Options. He has shed 21,000 jobs at RBS and halved the share price. His bank is implicated in mis-selling PPI, and prsided over losses of £3.6 Billion in 2009, and £1.6 Billion in 2010.
It begs the question, how much would he be holding out for if he had done a passable job as opposed to a pitiful one?
steveh777ify 1 month ago
This was two years ago this video and they ARE STILL GETTING BONUSES ! They are getting them because we are a push over and DO NOTHING TO STOP THEM ! They are taking the continual piss out of us
sweetypie000 1 month ago
These banks have totally ruined many peoples lives. The bankers in the high positions are guilty of knowing this happened and allowing it to happen. They do not even refuse their bonus on top of their over inflated fat salaries - guilt enough.
They will not be punished - the government is too full of fat greedy slobs who are poncing off the public at our cost.
They will not be flogged, jailed, tortured and ultimately executed which they fucking well should be. These people deserve punishement !
sweetypie000 1 month ago
no amount of money will bring back that baldy bankers hair - take solace in that uk taxpayer!
PeacefrogRecords 1 month ago
@PeacefrogRecords We bring in billions of annual revenue for the UK. Sure, a small minority of bankers made huge mistakes in 2007/08, but the vast majority of us undertake extremely important roles and deliver invaluable results for the UK. Certain outstanding individuals within the banking world - like Stephen Hester - may rewarded for their outstanding performances, but I don't hear people complaining about footballers being paid 250k a week for kicking a bag of air around.
JamesCadbury1284 1 month ago
@JamesCadbury1284 All you people love jumping on band wagons. Have you even ever stepped inside an investment bank in the city?? Far cry from a retail bank on the high street, I can assure you.
JamesCadbury1284 1 month ago
@JamesCadbury1284 Yes, it must be awful for you?
I can't imagine the conditions you labour under. All that responsibility for placing money you never earned on behalf of those he worked for it?
..The ever present fear of being responsible for your actions. knowing full well that you will be obscenely rewarded for "success" whils we, the Taxpayers. will bail you out when (not if) you fuck up...as you have done. Monumentally so.
My heart bleeds for you...
steveh777ify 1 month ago
@JamesCadbury1284 Football is not a public service. Footballers are backed by people who have nothing better to do with their lives than kick a pigs bladder around. I dare say Hester has done a good job but that's no reason for him to follow suit.
counterintel99 1 month ago
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PeacefrogRecords 1 month ago
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steveh777ify 1 month ago
If your business is doing well Mr Hester, doesn't that mean that somebody else's business isn't doing so well. Stop trying to blind the people with science and mumbo jumbo. Tell me in plain language why you should receive a £1,000,000 early retirement package? Is it because you are the worlds best bean counter?
counterintel99 1 month ago
@counterintel99 Because he has delivered outstanding results for RBS and is turning the tide in extremely turbulent circumstances - the will result in large profits for RBS being made in the next forecast. RBS has already turned over 1.2bn profit under Stephen Hester from 2011/12 - this is why he should be rewarded appropriately.
JamesCadbury1284 1 month ago
@JamesCadbury1284 Bankers practice usury. Therefore they make enough money out of us. They then gamble OUR MONEY and expect the public to pick up the bill when things go wrong for them. It's all a scam and needs proper and fair regulations. If £1,000,000 is appropriate reward for a bean counter, then I think the road sweepers deserve £3,000,000.
counterintel99 1 month ago
@counterintel99 Ok, firstly, taking into consideration the top talent within global financial institutions bring in billions in annual profit for their banks - without which countries like the UK, which is a hub for finance, would be at their knees - it is essential there are incentives for these results.
JamesCadbury1284 1 month ago
@JamesCadbury1284 Yes. I'm forced to agree. Some people would probably accept that a £35 million reward package over 3 years was a reasonable incentive. Unfortunately, to those with the Hester/Goodwin mindset, the word "enough" does not exist. This "top talent" you refer to is an interesting argument. Correct me if I'm wrong, but didn't this "talent" drive this country to the brink of economic collapse? Goodwin was the "talent" at that time, if memory serves.
steveh777ify 1 month ago
@JamesCadbury1284 And we are invited to tremble with trepidation at the thought of these predatory leeches stepping down, and leaving us bereft of their superhuman talent...
I saw your (presumed) role-models at the FSA Hearing/Inquest after the Northern Rock meltdown: Goodwin was squirming with embarrasment like a ten year old caught masturbating in class over the student teacher.
Wake Up Buddy. No one is buying into your worldview.
steveh777ify 1 month ago
@JamesCadbury1284 You rapidly withdrew your last posting, which I had a chance to read. You spoke of Hesters Global responsibility??
..Well allow me to retort:
If this is the case, then Hester should accept that he has a social, as well as a fiscal responsibility. He has clearly demonstrated to the British Public that his primary driver is self-serving greed. He has failed to appreciate the depth of feeling towards those of his worthless, predatory ilk, and has created division and friction...
steveh777ify 1 month ago
@steveh777ify With all due respect, I think you're speaking out of your ass and you're way out of you're way out of your depth. It is true that some people people within the financial services made colossal mistakes and took unauthorized risks which led to the downward spiral of some banks - this goes without saying. It is understandable that people are infuriated by this. However, I can safely say that the majority of these people perform on an exceptional level.
JamesCadbury1284 1 month ago
@steveh777ify What you must understand is that if the UK is to carry on competing on the same level, it is crucial that all institutions source the best talent from around the world, and it must pay for this talent. If we DON'T, this talent will go elsewhere and be paid a lot more. I'm afraid the proof is in the pudding with Hester - his results more than satisfactory. If we decide NOT to pay the going rate for someone with his experience, understanding and ability, RBS will fail.
JamesCadbury1284 1 month ago
@steveh777ify Result of this: tax payers will NOT get their money back. It really is as simple as this. Hester and the board of RBS will fly off to Switzerland, Shanghai or New York where they will be paid 10 times more with ease. You can't have your cake and eat it. I know its not fair sometimes, but this has been going on for centuries. Its only now that the 'honest, hard working man' has seen through the once blackened out windows of the swirling world of finance.
JamesCadbury1284 1 month ago
@steveh777ify If you ever asked yourself if Gordon Gekko really exists. The answer is yes, and there are many of his type around. In the world of international finance, 'greed, for a lack of a better word, really is good'
JamesCadbury1284 1 month ago
@JamesCadbury1284 ..which incorporates a mandate to cleanse RBS's of the stigma of greed and avarice, which it so richly deserves, and which Hester seems intent in rubbing our noses in. You seem to be suggesting that he is the only person who can take this job on board, and produce a result. I don't believe this is the case. You also suggest that Hester can earn (let's do the Maths...) £350 Million for the same 3 years work if he buggers off abroad...Well, if You Say So.
steveh777ify 1 month ago
@JamesCadbury1284 RBS is a Taxpayer bailed-out Institution 82% government-owned. Your Gordon Gekko analogy does not apply. The taxpayer has positioned Hester to earn a Kings Ransom from our intervention, and rather than demonstrate a shred of honour, judgement and decency this "exceptional" individual has chosen to
clearly demonstrate to the British Public that he has nothing but contempt for those placing their misguided trust in him.
I repeat:
Any Questions?
steveh777ify 1 month ago
@steveh777ify In fact, its official. You really don't know what you are talking about.
pangratata 1 month ago
@pangratata Well if YOU say so, I guess it must be so...
steveh777ify 1 month ago
@steveh777ify And, on normal standards, Hester is being paid below minimum for his efforts. Hard to appreciate, but REAL man...Dude - seriously...RBS maybe bailed out by the tax payer but its going to be a LOT worse if you don't pay the guy his dues. Come to Wall Street - I think you'll die! ha ha
pangratata 1 month ago
@pangratata I think I'll pass. But Thanks anyway..
steveh777ify 1 month ago
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JamesCadbury1284 1 month ago
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@steveh777ify This really is capitalism at its best - people work for years to get to the top of the tree - they don't do it for nothing. And there has GOT to be a reward for it - period. But I agree with you on this: it seems unfair that some people have to work a lifetime to earn a million quid when some people in the world of finance get paid this amount as a mere bonus. But its apples and oranges... F1 is more well paid than F3, barristers are more well paid than you're average lawyers.
JamesCadbury1284 1 month ago
@counterintel99 As CEO of RBS, Stephen Hester is on a global level, and his responsibilities include managing RBS's balance sheet and transforming it into a profit institution again, which he is doing this successfully. In 2011, RBS forecast 1.5bn annual profit. A road sweeper's responsibility is to merely sweep the road - there really is not comparison in responsibility. His bonus is poor compared to what he could be paid elsewhere. welcome to the world of derivatives.
JamesCadbury1284 1 month ago
@JamesCadbury1284 Please could you explain to me why somebody who has a salary worth 1.6 million a year needs a bonus of 1 million if he does his job properly? Shouldn`t he do that anyway.
With respect fuck his contract and fuck his bonus. Rip it up, Cameron is doing that right now with millions of other workers in the public sector. RBS is owned by the taxpayer rip it up. And if he can get better payed elswhere then he can go. Please fuck off somewhere else.
InkSmudge81 1 month ago
No he doesn`t have more responsibility than a road sweeper. In fact he has no responsibility at all. He can be entirely useless and still pick up his 1.6 million salary and 1 million bonus plus shares. At least the road sweeper might lose his job if he is useless at road sweeping. How about a surgeon or nurse, policeman and fire fighter why don`t they get a bonus for lives saved.
InkSmudge81 1 month ago
@InkSmudge81 Loving Your Work Sir !
steveh777ify 1 month ago
@steveh777ify It is bizzarre isn`t it. They screw up the worlds economy. They then blackmail the very people who`s lives they have ruined. "I`ll leave unless you let us carry on as before". What sort of people are they and why are we putting up with it. We should call their bluff, cancel their bonuses, and replace them. It`s not as if we are losing another Einstein or Brunel is it.
InkSmudge81 1 month ago
@InkSmudge81 Yes. Words fail me (well.almost)
Hester is a mediocrity with a sense of entitlement inversely proportional to his questionable skill set. I don't at all buy into this idea that these people are so immensely talented that they can dictate terms to the British People.They have already proven that the diametric applies. I don't think I'll lose any sleep if Hester deprives us of his company to seek richer pastures, where (presumably) immortality and deification are part of the package
steveh777ify 1 month ago
@InkSmudge81 Yes. I too would REALLY like an explanation on your first point.
steveh777ify 1 month ago
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steveh777ify 1 month ago
@JamesCadbury1284 How are you defining "outstanding results"?
Is it the 21,000 job losses? The halved share price? The £3.6 billion loss in 2010? The mere £1.6 billion loss in 2011?
This man has the remit, support and resources without any of the concern of the consequences of failure..knowing he will be obscenely (not "appropriately") rewarded regardless of performance.
..Any Questions?
steveh777ify 1 month ago
Wanker
rocketjunkie88 1 month ago
Cunt
mridings74 1 month ago
totally outrageous money grabbing greed as usual !
if i was running the show Hester would be paid no more than 50k per year with zero bonus. and if he didnt like it he'd be looking for another line of employment as he would be told the same from any other bank. his £2 million bonus from last year should be confiscated!
All those rich business people should cough up all those millions in unpaid taxes theyve been avoiding for years!!!
and no footballer should be paid more than 1k per week!!!
PROXIMASTARMAN 1 month ago
LIER, LIER, LIER.
On my statement, I found doubled transactions, not existing transactions (confirmed with recipients), sliding transactions to get me below “0”, charges for not existing unarranged overdrafts and £30 penalties for £0.06 of overdraft. You will regret your actions.
I ADVISE THE PEOPLE, DO NOT BE STUPID AND CHECK YOUR STATEMENTS, PLEASE.
I will continue to unfold new episodes of the exact way they operate and how it affects customers.
AND I AM ON MY WAY TO THE COURT. ASSHOLE!!!
AngryRBSCustomer 1 month ago
You better give me back the fees your bank took from my account. Your core business is to steal from unemployed citizens.
Your bullshitting is not working anymore.
LOOK UP - G10 Debt on Google Images to see how much UK Banks failed due to no conscious thinking, greed and lack of regulation.
You are a lying ASS HOLE with no right to be among decent people. SHAME ON YOU.
Look also for “RBS chief Stephen Hester admits taxpayers' money 'leaks' into bonuses “
tommypolack 1 month ago
@tommypolack ...and what about this one - "RBS chief Stephen Hester in line for £7million despite David Cameron promising clampdown on fat cat pay"
tommypolack 1 month ago
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Remember The 20p Over Drawn Scam The Bankers Fine People £30pound for going over drawn by 20p Then The Bankers and staff run the Bill With Judges upto 100Pounds to £1000s Pounds and Then Baylifts fines too....Then MP's Lords Payed A Judge To Get The Banks Of,,,,, its in history tv news
UTubePressOnline 4 months ago
Bullocks, or here in the US, bullshit. The bankers here in the US are now lying about their illegal loans. They are generally scum. I have had personal experience about this.
sanphaka04 10 months ago
This guy is either very stupid or a very good actor.... it doesn't even make sense, "get their 45 billion back at a profit".... scapegoats, "we can live with that"
We need a lot more than 40 Billion, they must reduce salaries to a maximum of 50K and year and not give any bonuses until the national debt has been paid off.
Yes it sounds so stupid and childish to write this, but we're all conditioned to continue accepting theft from people wearing suits and ties
AnarchyAhead 1 year ago
I don`t know a lot about Banking - and that`s an overstatement. But I think these Bankers should receive zero bonus ( at the most ) until they have repaid every penny back to the taxpayer.
valarmanwe 1 year ago
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happy times for the bankers,bonuses due jan 11 small increase to 7 billion how do you become a banker only industry you can bankrupt and be rewarded.23johnmc
23johnmc 1 year ago
happy times for the bankers,bonuses due jan 11 small increase to 7 billion how do you become a banker only industry you can bankrupt and be rewarded
23johnmc 1 year ago
This has been flagged as spam show
More messages from RBS Legal Department on the Weblog every day on You Tube in comments Thursday 10.52 AM, 28-10-2010
Dear Mr. XXXX. and Mr. XXXXXX we inform you that within 72 hours after Tuesday
the transaction must be into the bank account in Belgium, we want you to
check the bank account from Friday on and you notice that the 3 Installments
and 1 amount must be received, confirm with your bank manager.
From: Legal Dept Number 100000
London, United Kingdom Recipient IP:155.136.80.171
Ref2882 1 year ago
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Ref2882 1 year ago
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Ref2882 1 year ago
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Ref2882 1 year ago
This isn't spam, we remove the Comment ourselves, the first announcement isn't removed or flagged for spam either. Check the link about RBS and Weblog
Ref2882 1 year ago
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We link this about fraud, RBS together with BSCH: more to be found here: ref2882.web-log.nl/blog/ this new fraud not the ones already know, it's taxmoney Mr. S.H. from RBS and Mr. J. K. former RBS(RD Europe)BV now with BSCH, Banco Santander that is. More than millions!
Ref2882 1 year ago
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Ref2882 1 year ago
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Ref2882 1 year ago
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Ref2882 1 year ago
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Ref2882 1 year ago
Ref.2882 is enough for today, we link tomorrow after 08.00 PM GMT, 09.00 PM CET
Ref2882 1 year ago
hey all.... barclays is a big big bank that has played its its part in the financial crisis, the global arms trade and a variety of environmentally unsustainable projects.... search the below for an effective, peaceful way to change the way they operate.
search facebook for "banking on change"
oxyharmonic 1 year ago
RBS could undercut all the other banks and give a better return on investments and make massive profits. But they won't because tthe other banks would cry 'foul' . Why should anyone care if the other banks went under? We will never see a penny of their profits.' Expropriate the banks'' used to be a slogan of the Left. Now it's 'No bonuses'! FFS!
jamiejoh04 2 years ago
Bulshit.
CelesAura 2 years ago
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Prime ministers are nothing more than corporate pitch men for the NWO global crime syndicate / central banking establishments.
mmtot 2 years ago
Proof??
Tzimnewman3 2 years ago
??? how can you defend something which is undefendable. We bailed them out, you owe us billions yet see fit to give OUR money for bonuses. As I part own your stupid bank I demand you pay us back.
SkavenUK 2 years ago
Exactly!
itsacatch22 2 years ago
the thing is , the bankers in london have a high earning power, fair enough they failed recently, if there not paid a bonus they will go abroad and earn better money, we have to pay to keep them. People who say "why pay them a bonus at all" are living in a bubble.
NICHOLASM1987 2 years ago
Thank you moron-orc.
That's why in NY they are threatening to come leave and come here. It's a bluff, all this unsubstantiated "we would have earned more had we been able to pay bigger bonuses" is lies. Banks are not that mobile and will not move out of essential financial sectors like London while there is money to be made. There will be another round of Cambridge grads to replace these amazing people who oversaw the largest corporate loss in British history.
xMrNovemberx 2 years ago
If they can earn better money abroad then let them go. It is a major red herring to make that claim. They keep saying it, but plenty of banks have NOT paid bonuses, even thought they have returned to profit, yet they have not seen an exodus of employees. Bonuses should NOT be paid, especially when your business is 84% public owned at this time...
itsacatch22 2 years ago
What people also fail to mention is where their 'profits' are coming from. Undeclared losses and buying and selling the same toxic crap that got us into this mess in the first place. These criminals are not worth "the money", they are busy looting the free money before it all blows up again.
1.3 billion is a huge amount of money, people are so used to hearing about billions being spent and lost now they are losing perspective.
Why don't enough people care about this?!
xMrNovemberx 2 years ago
You are being looted by finance oligarchs, wake up and smell the tyranny, you docile fucks. But I suppose for as long as you have a spectacle like football or X factor, or some brain-dead gossip to invest your psychological worth in, you will continue to love being serfs and you will always love your servitude. No wonder the " elites " refer to you as cattle.
mmtot 2 years ago 10
I agree fully,
People care more for games and brain dead activities then they ever do in fact that what really effects them.
It is only when they can not afford to watch tv or buy a ticket for a football game that these cattle then make a noise.
If our Prime Minister can lie to us and get away I am sure the banks have little trouble doing the same.
Tzimnewman3 2 years ago
Prime ministers are nothing more than corporate pitch men for the NWO global crime syndicate / central banking establishments.
mmtot 2 years ago
@mmtot So totally true. It's only because (we) are totally diminished as a nation, and a country for the reasons you correctly note, that the greasy, squalid and self-serving likes of Hester and his ilk can leech from us without fear of retribution or accountability.
Rule Brittania!
steveh777ify 1 year ago
@steveh777ify Hester and anyone in the public eye are just minions of the real power structure thay never displays itself, the people who own the money/ debt printing machines, they have aquired tens of trillions.
mmtot 1 year ago
@steveh777ify They monetary system's primary function is to perpetrate the fraud of a unsolvable mathematical equation that uses the instrument of debt to enslave the entire species and can never be repaid so to transfer the material wealth of the public to the people who own the system. That is all your paper money and digitzed money is, and whatever illusionary value the collective consiousness of humanity give it.
mmtot 1 year ago
@mmtot You are correct. Hester, Diamond and co. are minions of a depraved and exploitist system. However, their self-serving greed acts as a useful focus. These people are divorced from reality.. The very concept of a CEO of a failed and bailed out bank receiving any form of "bonus" is a complete travesty.
Listening to these corporate weasels attempting to justify their greed is sickening. They should be collectively drowned in a sack as as act of spiritual mercy.
steveh777ify 1 year ago
@mmtot MOOOOOO, BAAAAAAAHHHHHH!
christo930 11 months ago
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mmtot 11 months ago
@mmtot get a sense of humor will you.
christo930 11 months ago
@christo930 Same to you, dipshit.
mmtot 11 months ago
Banker lies
TheVMFA333 2 years ago