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Government must do more to hit bankers where it hurts
WELL, the word BANK really has become a four-letter word hasn’t it? And I am getting rather tired of complaining about them!
But it’s vital we all keep up the pressure, because the minute we stop, the Government will back right off doing anything to fix them.
But those bankers in the boardroom are their own worst enemy… they are arrogant, and just don’t listen.
We have given them hundreds of billions of pounds to bail them out and get the economy moving, and what do they do? They sit on it, because it may be too risky to lend out.
So up in their ivory towers they think of more ways to rip us off, like payment protection, punitive schemes for small businesses, and manipulating interest rates.
They’re not interested in getting the economy moving, all they are interested in is maximising their bonus, and when they have got it, all they are interested in is manipulating their tax returns so they hang on to it! And we let them get away with it time and time again!
It’s nonsense to fine the banks too.
Firstly, we are taking back the money we gave them to get the economy going… we would be ‘cutting off our nose to spite our face’…crazy! Secondly, the money just comes out of bank funds and doesn’t hurt anybody.
In my opinion, the Board of Directors as a whole should be fined, and the fine paid by those Directors from their OWN pockets (they are paid enough). In this way, those guilty of overseeing malpractice are the ones that pay the price. Hit them where it hurts - in their pockets – and I guarantee a change in their behaviour! But who’s going to listen to me?
Jim Cunliffe, West Park.