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September 29th, 2011, 13:09
What I don't like is that the TBTF banks never pay back for having been saved.

We see it here with the "Hypo Real Estate" bank which was considered as an Too Big To Fail bank as well - it was saved through hunfreds of millions or even more money through the government -> the tax payers in the end - and they were still doling out ten thousands or even millions of "bonus payments" to high-level employees …

Which rrived in the minds of the public as :

Too Big To Fail Bank -> is saved through the gov't -> is saved through the publi = the tax payers -> the money lands in the pockets of the bankers.

Result - in the minds of the public : Bankers are = gigantic parasites who become richer and richer through the money of Joe Public.

And this is just unfair. And this is what the public thinks right now, no matter what.
And even no matter whether a bank is obliged through treaties to pay bonus payments to high-level bankers within the firm.

Any intelligent fool can make things bigger, more complex, and more violent. It takes a touch of genius and a lot of courage to move in the opposite direction. (E.F.Schumacher, Economist, Source)
Alrik Fassbauer is offline

Alrik Fassbauer

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Join Date: Nov 2006
Location: Old Europe
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