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Let the investment bankers and city workers lose their jobs! watch

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    "Why should taxpayers bail out these investment bankers and city workers who have been raking money in all this time at the expense of ordinary people who just want to buy a home for their families? Where's the bail out for the people about to lose those homes? Where is the bail out for the normal people about to lose their jobs? Let the bankers lose for once the way they make others lose - they had this coming. They're just the kind of people who will praise capitalism and the free market but then go crying to the government when everything gets messy and when they are taking home only a £100,000 salary instead of millions in bonuses.

    Let them rot."

    This is what a guy was saying in an economics seminar ealier when we were having a debate about the credit crisis. What do people think?
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    I hope it wasn't too high level an economics seminar, because if so, he betrays a very deficent understanding of capitalist economics. If the state didn't step in to do something about it, banks would be failing left right and center, your average normal person would be a damn sight worse off...
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    im not going to dignify this with an answer yet




    thats the MOST stupid thing i have read.
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    but still if theyve been raking in millions, theyve got millions so with a depression or a recession their money will go alot further so tell your ''lecturer'' to stop being pity and ''try'' to become an investment banker FAIL
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    How stupid, how anti-capitalist for people to be responsible for their own debts.
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    If the tax payers don't bail out the banks, then who are they going to get mortgages from when they next want to buy a house?
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    It just proves that life is not fair and capitalism is as well unfair. Deal with it.
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    Utter tripe.
    I've actually seen a comparison between the IB salaries and McDonald worker salaries.. and it was proven logically that McDonalds workers earn more per hour in the US than Investment bankers (Analysts) (because they work like 90 hours a week and get paid around £35k).
    A lot of people just throw this term around without understanding the truth behind in. RBS and Halifax are banks, with NO investment banking division (at least, I'm pretty sure they have none).. these are the banks you would normally blame along with the media for the CC.
    Investment banks can help companies make more money than I could possibly imagine. During recession they actually end up firing more people than they take on (surely job insecurity is worth more pay?) and bonuses can drop heavily. It's only people higher up (MD/VP) that get paid like £500 an hour, investment analysts tend not to make masses even from their bonuses (would you like to work 80-100 hours per week and know that wrong advice could potentially bankrupt a business)?

    If anything investment analysts should be paid MORE and senior bankers [at your everyday bank] paid less.

    Edit: I don't see you all complaining about **** footballers getting paid £40m per yearor whatever?
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    (Original post by HappinessHappening)
    "Why should taxpayers bail out these investment bankers and city workers who have been raking money in all this time at the expense of ordinary people who just want to buy a home for their families? Where's the bail out for the people about to lose those homes? Where is the bail out for the normal people about to lose their jobs? Let the bankers lose for once the way they make others lose - they had this coming. They're just the kind of people who will praise capitalism and the free market but then go crying to the government when everything gets messy and when they are taking home only a £100,000 salary instead of millions in bonuses.

    Let them rot."

    This is what a guy was saying in an economics seminar ealier when we were having a debate about the credit crisis. What do people think?
    I think that someone so fundamentally deficient in the area of reason should not be studying Economics.
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    (Original post by HappinessHappening)
    "Why should taxpayers bail out these investment bankers and city workers who have been raking money in all this time at the expense of ordinary people who just want to buy a home for their families? Where's the bail out for the people about to lose those homes? Where is the bail out for the normal people about to lose their jobs? Let the bankers lose for once the way they make others lose - they had this coming. They're just the kind of people who will praise capitalism and the free market but then go crying to the government when everything gets messy and when they are taking home only a £100,000 salary instead of millions in bonuses.

    Let them rot."

    This is what a guy was saying in an economics seminar ealier when we were having a debate about the credit crisis. What do people think?
    to really say how much a person makes, one must look at the books. as tax payers, force them to show the accounting books to understand their revenue and costs, to see what profit is being made. also, a business is seperate entity, so what happens to profit is up to the owners. usually salaries are apart of the costs so profit is used to expand the company or used to benefit it in some way.

    I agree that it is difficult to see our money go towards a business that may or may not be in our interest, but the libral system of govt. says help out, and if there is a dramatic effect on the economy, some people would rush towards the help. but the biggest problem is no ones thinking. instead of wanting to fix the problem short term, they need to think long term so that the business grows and saves itself.

    also, look at the entire situation...perhaps the people buying, should not have. so its not just one persons fault or one group (scapegoat) its multiple of peoples at fault, and the only way to solve it is for everyone figure it out together.

    also, there are usualy taxes on bonuses, majority of CEOs who have been hired or upper management, rather receive stocks than bonuses.

    so dont go crying to socialism and allowing someone else make the choices for you, understand the problem by looking at every angle and then going for the solve or solution.
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    (Original post by Profesh)
    I think that someone so fundamentally deficient in the area of reason should not be studying Economics.
    Perhaps you're right.

    And by the way, is 'economics' supposed to be capitalized in that sentence? :p:
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    Yes. Subject names become proper nouns and are thus capitalised.
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    **********, ignorant fools. Investment banking is probably one of, if not the hardest job out there. The demands it requires and the stresses employees are under totally justify their wage packets. Stop whinging and do something worthwhile.
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    (Original post by MussD1)
    **********, ignorant fools. Investment banking is probably one of, if not the hardest job out there. The demands it requires and the stresses employees are under totally justify their wage packets. Stop whinging and do something worthwhile.
    yeah damn right. couldnt agree more
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    Um, we need to bail out the banks other wise all our saving and any future loans we need no longer exist. If you cant see a problem with that get off an economics course
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    (Original post by gyyy2807)
    **** you! rot in hell!!!! dnt hear u complaining about them when they are making up half of the country's gdp in gd times. ******* ******. bankers do one of the most important jobs for the economy and is crucial to future stability. i d lyk 2 see you trying 2 do a better job. so anybody who abuses them deserves to die.
    Crikey . . .

    I hope that's not aimed at me - I didn't say it, after all.
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    Now that's just silly.
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    (Original post by sarcastic pratchett fan)
    Yes. Subject names become proper nouns and are thus capitalised.
    Really? That's not the case in books I've read. Can it be either?
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    (Original post by HappinessHappening)
    Crikey . . .

    I hope that's not aimed at me - I didn't say it, after all.
    yeah but u did start the thread
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    (Original post by gyyy2807)
    yeah but u did start the thread
    And? If I started a thread entitled 'Hitler murdered 6 million Jews' would you call me an evil racist *******? We're just discussing it here.
 
 
 
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