Large City bonuses should be outlawed in banks that have received any sort of government guarantee, according to the shadow chancellor, George Osborne.
ALISTAIR DARLING is ready to legislate to curb City bonuses amid mounting public anger about the return of huge rewards for bankers.
The chancellor has signalled that he will change the law to ensure executive bonuses are not paid to employees whose transactions put banks at risk.
The new rules would cover the whole British banking system rather than just those institutions that have been partly nationalised, such as the Royal Bank of Scotland (RBS) and Lloyds.
See, now this is just fucking stupid. I thought Osborne was out of line, until I read the bit about government guarantees. I agree entirely, if you're sucking at the taxpayer teat, then flamboyant bonuses are not appropriate. This will have some rapid consequences: the brightest and best of the bankers won't go anywhere near state-owned banks and thus they will either wither and die or they will move heaven and earth to get away from government support so that they can continue as before.
However, as to the badger-browed fucking Trot twatspaz, what you really want to do is to tell the banks that if they fuck up again, they're going to go to the wall by themselves. You can't fucking create an enormous moral hazard like you did by bailing out the useless fuckers and then expect them not to take the piss. You really deserve to spend the rest of your miserable life in a fucking gibbet with crows pecking at you for your complicity in that.
You fucking retard.