Wednesday, 24 February 2010

The Banks just don't get it do they?

I've just seen a rant on a Blogsite where the author bewails that banks are not charities. It is typical view of a majority of investment bankers who think that they are owed a highly paid job where the remuneration is orders of magnitude greater than the average national wage. In fact most of their jobs are not that complex and there not really much more personal risk than someone working in an industrial firm. I've seen these people at work for over 30 years, so I know what they do.

The tax payers rescued the banking system. Without that rescue those highly paid bankers would be on the street. It certainly is good fodder for a storyline in my next book.

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