For a start the public demanded for years to stop the sky high bonuses. The top bankers are all earning around £1million a year which is more than adequate.  Many time David Cameron was pressure to step in and stop these bonuses especially now where the economy is in a terrible situation.  Mr Cameron kept promises but as most of his promises were never kept. He pointed out that it would take time to bring in a law through Parliament.

This whole situation was only brought about since Margaret Thatcher de-regulated the banks and ever since their salaries rose astronomically. Then also the bonus started.  As before the banks of Britain had a great respect and their names were respected all over world.  Companies were investing in British banks because of it.

When the public realised their demand will not be med by David Cameron and his government they formed a group called OCCUPY. This group started to camp in the city but then was moved on and put their tents up in front of St Paul’s’ cathedral. They endure harsh weather day and night to make their point.  Since the place in front did not belong to the city of London the government could not do much about it. They approach the Dean of St Pauls but he agreed with OCCUPY and there was quite noise about till the Dean of St Pauls resigned.  David Cameron soon found a way and in no time the court brought out a LAW for OCCUPY to be moved.  So much so for disagreeing with sky-high bonuses being paid to bankers and city financiers.  It was amazing how quickly this law could have been brought thought but not a law against bonuses paid.

Now a report in Daily Mirror shows that again and still huge bonuses are being paid. In spite of bankruptcy, rigged libor, mis-selling PPI and scandals about money laundering by criminal cartels for which top banks were heavily find their debts are paid by taxpayers.  It is incredible to say the least and unacceptable that the Chief executives of these banks are paid at least £1million bonus after such scandal which cost the banks a fortune.

Again David Cameron and his government who practically owe these banks because of the taxpayers’ money invested do nothing and still does not stopped it. All you read about that the public and shareholders are putting pressure on these executives have so much decency to return the bonus.  Even if they are willing to drop the bonus there is still a regulation for a so called long-term bonus which again will be paid by taxpayers.

To summon it up These chief executives are receive around £1m salary, a bonus of  about £2 to £3million, a long-term bonus which surely must be also start at £1million and upwards plus huge dividends from shares given to them as part of their contract while most of their banks went bankrupt and held up by taxpayers’ money.  The economy being in a dreadful state and yet bankers and city boys take millions out without trying to improve the economy  and even fiddle the libor, mis-selling PPI, and money laundering  for criminal cartels.

If somebody cooks the book in a company they are instantly dismissed. These people were involved in huge criminal activities and do not get dismissed and if they due to public pressure they walk away with millions of pounds as a golden handshake plus super pension.