Democratic Socialist Movement

For Struggle, Solidarity and Socialism in Nigeria

By - DSM

Bankers award themselves obscene ‘bonuses’

Bankers award themselves obscene ‘bonuses’

As the top bankers worldwide award themselves obscene ‘bonuses’ to feed their greed-fuelled, decadent lifestyles, the workers and poor people of Haiti suffer conditions of unimaginable horror. The billions of pounds, euros and dollars the banking fat cats are taking for themselves should be confiscated and used to meet the desperate needs of the injured, orphaned and homeless in Haiti!

And in the richer countries of the world in which the major banks are based, how about some of the excessive banking profits going to the victims of the recession, an economic crisis that these banks have worsened through their profiteering and speculation? For instance, to the rapidly growing number of unemployed and to all those who can’t make ends meet, through no fault of their own?

Yet the British government even refuses to ban outrageous top salary levels and bonus payments in the failed banks it was forced to take effective ownership of, like RBS. The chief of RBS, Stephen Hester, has an astounding potential pay packet of Ł9.7 million.