Dear Bankers (part 2)

Dear Bankers

I find I have to write to you again in the light of your activities now that we seem to be coming out of the recession – a recession, I would remind you, that was caused by you and your colleagues.

I am sure you will recall that we, the taxpayers, stepped in with rather a lot of the money we have to earn in order to save your irresponsible businesses from going under. Thanks to this money you still have a job, as do your traders who seem to have been doing quite well in the markets of late.

However it may have escaped your notice that, while you and your colleagues still have jobs, some of us do not. Some of us lost our jobs because of the recession which, again I would remind you, was caused by you.

So the prospect of you rewarding yourselves and your traders with large bonuses is quite offensive to anyone who isn’t a banker. That means most of us.

Even if you happen to be a bank which did not need lots of our money to save you from collapse, you still owe us. The money (our money) pumped into the economy and which made it easier for you to borrow still kept you going as well.

Now once again we hear the mantra that you have to pay these large bonuses to keep these clever people you employ from defecting to other organisations. Here is some advice. Let them.

It has probably slipped your mind that these clever people are the same ones who got you – and us – into the financial crisis in the first place. Is it really worth so much money to keep such questionable talent in employment?

Or should you consider perhaps, letting them go. You would save lots of (our) money and your competitors would have to spend more, while at the same time fresh, new talent could come in with a more considered approach to how a business like yours should be run.

I am somewhat perturbed that I have to write to you again concerning your activities. I trust that you will review your actions and will change your ways.

And do remember that until we have got all of our money back from you all, you remain, sirs, my humble and obedient servants.

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