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Thursday, 1 October 2009
The Credit Crunch still bites deep
It is good news that Alistair Darling has persuaded the big 5 banks to curb bonuses but my question is why did he need to persuade them? Do these guys not get the message that for us as customers to have confidence in them we need to know that they are not simply motivated by greed. There is something fundamentally flawed in a system that says that those who get paid more need more to be motivated whilst those who are paid less can compete by agreeing to work for lower wages. This remains an issue of justice.