Excess in the city
Excess in the City: Bonus Bonanza
9:00pm - 10:00pm, ITV1
“As the City of London prepares to pay an incredible 19 billion pounds in annual bonuses to City staff, this programme reveals the lavish lifestyles of some of the traders and bankers who are part of the pay bonanza, showing how they’ve earned the money and how they’re spending it. The programmes also explores how the payment of such bonuses affects the rest of us, through spiralling house prices and inflation, and details the new industries set up to cater for the new breed of super rich.”
Anyone watch this? It’s sick that these talentless bastards can make more in a day than a ward full of nurses will in a year. Their pathetic attempts to justify what they get because ‘we work hard’ is laughable’ Proximity to the fiat money machine is the only reason they earn what they do.
Apparantly the similarities to the late 80’s are becoming even more apparent. A city environment where lavish, almost distasteful displays of welath are the norm, and a housing market at unsustainable levels. Where are those bankers now? Depressed and an obscene suicide rate, so I’ve read!
Posted in Economics
January 26th, 2007 at 4:27 pm
I don’t really mind, I’m not smart enough to do the jobs that city bankers do, so I can’t complain if my bonus is no where near theres.
How big was your recent bonus?
;-)
January 27th, 2007 at 1:26 pm
Its not that hard. All they’re doing is managing portfolios. It requires some talent at predicting markets but its not rocket science. You could do it. The reason they get such huge bonuses is linked to the quantities of money they manage, and they get a percentage of that as a bonus. These guys are working for the core banks, which most of the UK’s money is created then swallowed backup. Google for “fiat money” and you’ll see what I’m talking about.
February 4th, 2007 at 6:45 pm
Hi
heh… what disturbed news!
what do you suppose about it?
February 18th, 2007 at 11:29 pm
As big bonuses in the City’s banks are paid mainly to those working for multinational banks, maybe all those banks should move their City of London branches all the way to Dubai. The benefits would be twofold. First, employees of such banks would benefit from zero per cent income tax and would be able to generate their personal wealth twice as fast as they do in the UK, all else equal. Second, the folks in the UK would not be disturbed anymore by “unjustifiably” high bonuses in the City. Therefore, it’s a win-win situation for everyone. Or, is it?
March 15th, 2007 at 8:15 pm
I will have you know that some of my family are those “talentless bastards” actually two of them were on this programme Lorie and Mathew and i’ll have you know that they have worked so hard to get where they are so for you to say that they dont work hard because is a joke because im telling you they do ive even been to there offices you cant know all they do from just one programme and yes they have loads of money but they deserve it. I think someone is jelous!!!!
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April 23rd, 2007 at 10:55 am
Hi there
Does anybody know what it would take to get into such a career path?Are there any websites or companies that one could look into for opportunities?
April 23rd, 2007 at 12:44 pm
Hi George, definately jealousy, i agree with you. I am actually looking to get into this industry, I’d be grateful if the members of your family Lori and Matthew would get in contact to give any advice on how to break into the industry.Cheers. adamharvey14@hotmail.com
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