Why have the banks not been forced to pay bay back their bail-outs before paying themselves bonuses, as if the financial crisis had never happened?
In December 2009 the official cost of the bank bailout was declared to be £850 billion.
Meanwhile bankers’ bonuses have been predicted to run to billions in 2011
Royal Bank of Scotland predict £1bn in bonuses this year, and they paid out £1.3bn in bonuses last year, while Barclays paid £5bn-£6bn in total remuneration.
Even where bonuses have been cut, financial sector salaries have risen by up to 40%.
Why are we letting them get away with this? Why isn’t there a public outcry?