U K BANKS MUST BE CONTROLLED

When one reads in the press that 83% Government owned ROYAL BANK OF SCOTLAND (RBS), made a loss of more than one billion pounds in 2010 but will pay bonuses to 300 top or key staff of more than one million pounds each, it makes the blood of ordinary taxpayers simply boil !!!

Who controls what ?  Does the Government not have a voting majority anywhere in the RBS Group to knock some sense into the heads of the greedy Boardroom Executives ?  Who, on behalf of the Government signed off, accepted, the proposed bonus contracts?  How much remuneration did the Government representative receive for performing his functions ? 

The foregoing remarks concern the RBS group.  The same remarks could concern other banks which were bailed out after the banking crisis which was not due only to the "world" crisis, but also due to the fact that banks and traders were caught out when "betting" on fluctuations in stock exchange share indexes.

Voters in the UK and in many other countries want to see legislation which severely curbs the powers of banks to fleece customers with  high, even usurious, interest rates while proposing miserly interest for deposits.  

David Cameron and George Osborne should take heed !!!