The real problem is: where do we trust our money to reside? On Mar 21, 3:03�am, dick thompson <[email protected]> wrote: > Have to admit that I am retired from one of the biggest banks (was not > involved in any of the sections that had problems. �I always made money > for them). �I know exactly what you mean. �The heads of the major banks > just ran wild once the reins were loosened. �Between having to make the > redlined loans or else and being able to shift the load off on someone > else they just minted money and got huge salaries. �And it was pretty > much divvied up among the top staff. �I still remember the year we were > told we could not have raises or bonuses because of the business of the > bank and yet the CEO got paid enough that year so that every single > employee worldwide would have been given $1500 with what he made. �I > told my boss that I needed to see a raise and a bonus or I would take > the job offered me by the opposition. �Since I was leader of 3 projects, > all of which were vital to that section making money, I got both a raise > and a bonus. �The following year I retired. �Glad now that I did. > > The problem I see with this whole thing of blaming the banks as a whole > is that there are huge divisions in the major banks. �Most of them have > absolutely nothing to do with the problem areas �and really the way the > banks are organized could not have anything to do with the problem > areas. �Yet the way the stories are worded these people are tarred with > the same brush as the ones who do bear responsibility for the debacle. � > Makes me worry about the great guys who worked for me back then. �They > deserve much better than they are going to get out of this mess. �I just > hope they can keep their jobs. > > > > rigsy03 wrote: > > I don't believe my bank either as my daughter worked in its department > > that bundled this fraud. Then she was offered a job by a giant > > accounting firm that subsequently tanked. Happily she she got her M.A. > > in education and now teaches literature. The poets are solace. > > > On Mar 21, 2:31 am, dick thompson <[email protected]> wrote: > > >>http://www.telegraph.co.uk/template/utils/elt/elt.jsp?source=news_210...- > >>Hide quoted text - > > - Show quoted text - --~--~---------~--~----~------------~-------~--~----~ Thanks for being part of "PoliticalForum" at Google Groups. For options & help see http://groups.google.com/group/PoliticalForum
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