Bank bonuses 'to run to billions in 2011'

[dipsydoodle]

The government is resigned to UK banks paying out billions of pounds in bonuses this year, despite its calls to curb the payments, the BBC has learned.

The best the coalition can hope for is a declaration from the banks that they will pay out less than they would have without government intervention, said BBC business editor Robert Peston.

http://www.bbc.co.uk/news/business-12131092

[LeftishBrit]

1. Deep sigh,

Tories have this obsession with the risk of the 'unions holding us to ransom', yet they fully accept a system that leads to the bankers holding us to ransom!

Ugh ugh ugh.