BBCQT 2014.02.27

Q: Why is RBS paying bonuses, when they have lost money?
A: What happened in the “Great Deregulation”, was that the casino arm of investment banks merged with the normal banking retail arms of high-street banks. They did this so that their casino divisions could make even bigger bets, and to manage those very high risk investments they needed a particular breed of individual, that we have come to know generically as “bankers”. It is these bankers that are getting the bonuses, and the reason that RBS is paying them is because they have a casino division.
What this government has failed to do, in concert with all of the other governments of the Western financialised industrial nations, is that they have failed to rein in these banks and to force them to separate their casino divisions from their retail banking divisions. Till we get a government with the guts to actually make them make these changes, we are stuck with these kinds of ludicrous situations, even in banks that are 80% owned by the public!
Now, we also have to recognise that we are all partly to blame. We shovel £2.5 billion pounds a month into the City in the form of our pensions, and then we ask that these banks keep our money safe, and make it grow until we retire. Until we understand that no amount of money will actually make us guaranteed and secure in our old age, and that we need a proper social security system based on our mutual community, then it is we who are empowering these banks, and we are the ones ultimately who are requesting that these bankers look after us.
Q: Should the deals made with the IRA still provide immunity for terrorists?
A: We do not have all the facts, so it is impossible for us to determine whether or not these were deals, whether they do provide immunity, or whether they were necessary at the time to achieve progress towards peace. I hope that the enquiry will give us all more clarity on this in due course.
Q: Is it not time that Harriet Harman came out and apologised for her links with the paedophile information exchange?
A: I think she already did; if she hasn’t, she should have.
Q: Has Britain lost control of its borders?
A: No, that’s why we know how much migration there is. 
We are part of Europe, and that is good thing. 
What we have lost control of our spending, particularly as it concerns local infrastructure, especially social infrastructure like schools and housing, and what we need to do is to return control, in fact to give more control than we have done for over 100 years, back to our local communities so that they can adjust their spending and infrastructure investments to meet the needs of their local populations.
Welsh NHS: the whole point of a regional assembly is that you hold them responsible – get out there and vote them out of office, if they are doing such a poor job! You can’t have your tribal loyalties and a vibrant democracy. People died to get you your vote, use it!


Leave a Reply

Please log in using one of these methods to post your comment: Logo

You are commenting using your account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.