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The U.S. reaction to Bank losses and Tax Avoidance

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The U.S. reaction to Bank losses and Tax Avoidance

Post  Panda on Tue 7 Feb - 11:21

Whatever we think the Americans are taking positive action .

The U.S. Government is taking 11 Swiss Banks to Court .

The U.S. Investment Banks are slashing the bonus Pool and high flying Traders will have to get used to the fact that their days of high earning are over. There is a
bone of contention about the way these bonuses are calculated and new criteria will probably be implemented.

Pity the British Government isn't so on the ball and adjusting the Banking Laws. the decision to seperate Retail Banking came much too late and has even been given a few years to take effect.

In the old days, a Bank had to have 11% liquidity , could only lend 2.5 times a borrower's Income and a Wife's was never taken into account.

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Re: The U.S. reaction to Bank losses and Tax Avoidance

Post  malena stool on Tue 7 Feb - 15:43

Ah yes Panda, I also remember when sanity, logic and honesty were prerequisite conditions for bankers and Members of Parliament weren't being exposed every other day as corrupt thieving deviants.

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Re: The U.S. reaction to Bank losses and Tax Avoidance

Post  Panda on Tue 7 Feb - 16:17

malena stool wrote:Ah yes Panda, I also remember when sanity, logic and honesty were prerequisite conditions for bankers and Members of Parliament weren't being exposed every other day as corrupt thieving deviants.

Now that the recession is affecting the Banks.....they were the greedy b***ers who started this!!! they don't like it . Barclays had a Green Card for a
top class restaurant in London and every month the top Trader was given the card for one night,. He could take friends and colleagues to Dinner and
everything was free. One Guy ran up a Bill for £16,000.....now these top Traders are pawning their jewellery and Roles watches in a Pawnbrokers in
Paddington.

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Re: The U.S. reaction to Bank losses and Tax Avoidance

Post  malena stool on Tue 7 Feb - 20:19

Panda wrote:
malena stool wrote:Ah yes Panda, I also remember when sanity, logic and honesty were prerequisite conditions for bankers and Members of Parliament weren't being exposed every other day as corrupt thieving deviants.

Now that the recession is affecting the Banks.....they were the greedy b***ers who started this!!! they don't like it . Barclays had a Green Card for a
top class restaurant in London and every month the top Trader was given the card for one night,. He could take friends and colleagues to Dinner and
everything was free. One Guy ran up a Bill for £16,000.....now these top Traders are pawning their jewellery and Roles watches in a Pawnbrokers in
Paddington.
Now that Panda, is what I call a crying shame.....
They have all my sympathy....

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