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G20 is willing to help as long as bankers can keep their bonuses…

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bankersWhy the bankers keep getting richer while you on the other hand…

From the UK Daily below-

Finance ministers from the world’s leading economies have agreed to keep exceptional anti-recession measures in place for the time being, as well as backing new controls to curb bankers’ pay and bonuses, sources close to G20 talks in London said today.

But European proposals for a cap on bonuses in the financial sector look set to be kicked into the long grass, after Britain and the US resisted the idea as unenforceable.

Should this please us or concern us or is this just business as usual? Of course we here at Scallywag and Vagabond are confused as to how it is that the very people who created and fed the world economic fiasco are entitled to economic bail outs and of course their bonuses. How can you get a bonus in the first place when you are losing money by the shovel load in the first place?

Is this a warning that children should only aspire to be hedge fund traders, Investment bankers, supermodels and maybe reality stars?

When giving the public what they want is fine as long as I stay rich…

G20 ‘backs curbs on bankers’ bonuses and agrees to keep spending for now’

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