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Sir Fred's windows broken...
TOPIC: Sir Fred's windows broken...
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Re:Sir Fred's windows broken... 15 Years, 1 Month ago
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"Don't hate the player, hate the game."
This government and the regulators should take 100% of the blame for this - they created and fostered an environment where Fred (and his ilk's) behaviour was not only condoned but actively encouraged, and yes, this did lead to unprecedented economic growth (a fact a lot of people are quick to forget), but anyone with a even a rudimentary grasp of economics could see it was unsustainable and a bubble waiting to burst, none of which would have mattered if the fates of the banks didn't so fundamentally affect the whole economy, but yes it does, and here we are...
Don't get me wrong, I've always thought (before it was fashionable!) that bankers and cityworkers are obscenely overpaid, but a deal's a deal. If your parents' or grandparents' old employers called them up and said "We've had a meeting and decided you did a bad job while you were here, so we're stopping your contractually-agreed pension," you'd quite rightly be aggrieved, and unfortunately this is no different: principles are there for the rich as well as the poor...
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