Good effort by the bloated fatcats of Lloyds Banking Group, who have sounded out their non-government shareholders about a salary increase for directors.
The City institutions they approached don’t appear to have been that keen on the idea. Which is probably nothing to what the taxpayer thinks about the proposal.
You greedy, useless, arrogant bankers. Having played a key role in wrecking the economy while getting paid millions, you now want more. Your highnesses have surely lost the plot, no?
Lloyds will soon be dealing with its HBOS acquisition and laying off 20,000 staff or thereabouts. Accepting a salary increase (let alone a big incentive package) against a backdrop of redundancies and branch closures would be the act of a true Lloyds banker – to coin some rhyming slang.
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Since these banker bonuses exceed bank profits in most cases, what may be happening, if you can read between the lines, is that they may be giving themselves these very big bonuses just before things really economically collapse so that they can comfortably weather and escape the storm that may be coming with their milking of investors and tax payers dry. They may be looting the banks and everyone else's accounts could disappear. Their very worst nightmare would be people running on the banks to get their deposits out only to find that the bankers cleaned them out first. Nothing seems ridiculous or improbable anymore. Depositors beware.
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