Sir Fred Goodwin's Home Attacked

Unfortunately you can't dismantle contract law to suit the situation. It protects all of us, not just the bankers driving their Ferraris. Goodwin will get away with it and the Government need to ensure it doesn't happen again.

The fact remains however that tax payers bailing out banks is an absolute last resort and the thought that some of that money is used to pay these guys bonuses is disgusting. If the bank had not been bailed out using taxpayer's money, Goodwin would have been crying.
 
a) Brought a private owned bank to the brink of collapse, costing each and every tax payer in this country, yourself included, a sizeable sum of money. Some of which is paying his obscene pension.
Him personally?

Where was RBS when he started? Certainly not among the largest banks in the world.

Sure, he messed up big time but so did just about everyone.
 
He probably wouldn't have been as his pension pot was already quite substantial...

It got even more substantial to the tune of £8m when his mate Tom drew up his severance terms.

Beansprout said:
Him personally?

Where was RBS when he started? Certainly not among the largest banks in the world.

Sure, he messed up big time but so did just about everyone.

Yes him personally. No one else has a bigger responsibility for the company's health and well-being than the CEO himself.
 
Fine. With the savings they've just made, they can start repaying the taxpayer.

Come on RBS, I want my money back.
 
Anyone got an accurate figure for the cost of the RBS bailout so far? (with source)

Wouldn't be too hard to divide that by the number of taxpayers... come out with a figure for each person....

Oh and Beansprout - yes, him personally. The CEO of a company gets PAID to take responsibility for the good times and the bad. Everything he built up for RBS was lies, fraud and a scam pyramind get-rich-quick scheme - which seemed to benefit him and very few others.

Especially not the soon to be jobless 9,000 workers at RBS.
 
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