The Two Johns appeared out of nowhere, and nowhere could you find two guys firing off on all cylinders with all the wit that makes British humour unequalled by any other country. Just sublime.
(Head of Deutsche Bank said): “He no longer believed in markets capacity to heel it self” - oh dear, Deutsche bank’s head may ask his ancestors from 1930-40 how they “heel” economy at the expense of neighbour countries.
لماذا لندن تخشى الناس وتخفي نفسها خلف السعودي والامريكي والاسرائيلي لاني ما اشوف الجلد ١٣ سنه في عنابر لندن ١٣ سنه ضحيه لاوهامها قصتك ما تبغى تشوف الجلد تقول ما يبغى التحيه العسكريه من يعطينا حقوقنا من لندن متزعمة الحقوق
The problem is the man in the street does not understand investment banking. Investment banks offer a range of products and services that complement each other. When the investment environment makes one product good it often makes another product bad. The pool of people who fully understand these products is small. So you keep them employed by reduced wages with the wages made up with a bonus pool based on the profit of teh bank and the profit of the product sold. This lowers the wage cost of the bank and ensures that if a product is doing well you do not lose the team. When as is the case the bank lost money on Mortgage backed bond they made money on other products and therefore were contractually required to pay the bonus elements based on product sales. When the politicians took over RBS they decided to stop bonuses but then were forced to pay higher wages. They still lost the exceptional people and were left with the average. On top of that the teams selling the product in demand at that time also left. Hence the bank lost a lot of money.
