RBS discussion

[The GodMother]

I don't know what your mum does but it looks like her employers are in breach of the European Working Time Directives on both hours and holidays.

 

I can't comment on divorce nor on loans but I do know my pal has a business degree and works damned hard trying to raise a young family. He was promised fairly rapid promotion which is why he left his previous job and he never gets paid overtime at any rate let alone time and a half.

 

I'm sorry for your mum's situation. I really am, but I didn't raise this to get into a competition for who works hardest/gets paid least. I wanted to expose the hypocrisy of a company that pays graduates with highly responsible jobs less than bin men (in Glasgow at least) whilst handing out massive bonuses to city boys who I'm fairly certain will work less hours.

 

The problem my pal now faces is that he needs to find a better job where the recruiter won't see having worked at RBS on his CV as a sign of bad judgement on his part.

 

Mum works for savers who own superdrug. My mum works dam hard and has done all her life.

 

If you want to expose the hypocrisy then maybe you should think first as there are other ppl who have gave up everything on a promise of better pay and hours to get basically nothing. Mum gave up the opertunity to work for a big company and get everything pay wise she could ever need to work for this company. She at managers level gets less than your mate who may i point out at least has somewhere to live becuase as of tomorrow morning my mum is homeless is ur friend gonna help my mum. No i did not think so.

[rickyd]

Mum works for savers who own superdrug. My mum works dam hard and has done all her life.

 

If you want to expose the hypocrisy then maybe you should think first as there are other ppl who have gave up everything on a promise of better pay and hours to get basically nothing. Mum gave up the opertunity to work for a big company and get everything pay wise she could ever need to work for this company. She at managers level gets less than your mate who may i point out at least has somewhere to live becuase as of tomorrow morning my mum is homeless is ur friend gonna help my mum. No i did not think so.

 

We all have our problems and I genuinely feel for anyone in a difficult situation. I made a life changing mistake when I was young and foolish and live with the consequences everyday. What I don't do is blame anyone else or ask for sympathy, its my mistake no-one else's.

 

As I said my pal has done what he thought was best for him and his family and took a job with the top company in Scotland only to see some other people get extremely rich, screw up the company and leave with massive amounts of money whilst his life has gone rapidly downhill.

 

I really have problems with others tarring all bank staff as lazy or greedy b*st*rds without understanding their situation.

 

If you re-read your last entry you will probably realise how crazy it is. How can he help your mum when he's got more than enough troubles of his own? Why don't you help her, after all she's your mum?

 

I'm sure we all know people in terrible situations and we either help them or not, but whatever we decisions we make, we have to live with them.

[Alphageek]

What has any of this got to do with Paul's case?

[bedlington83]

I don't know what your mum does but it looks like her employers are in breach of the European Working Time Directives on both hours and holidays.

Good point. Who polices the EWTD so that Godmother can report them? And what do you think will happen when she does?

[JonCris]

Sorry RD, I'm not won over on this argument....... if RBS are/were so intrinsic to day to day living of such a large proportion of the economy then they should have been broken up the moment taxpayers money invested in their recovery.

 

Still see no reason why they should not have been allowed to fail in their previous and now current guise.

 

What possible reason could this government have for sustaining a single monopolising corporation within the UK economy...... oh yeah, cos they'll all be needing friends and jobs next year

 

 

correct:-x

[slick132]

The above posts have been removed from Paul Walton's thread as it turned into a general debate and not one which added usefully to Paul's case.

 

Thanks

[Gazza01]

this has been covered before, but you cannot let a company so intrinsically connected into the UK's economy fail.

 

I am sorry but I have to point out that there is one circumstance where that is not true - background first is that the ecomomist who predicted the Credit Crunch is saying loud and clear that the means/reasons which caused it have not changed, infact that the next crash is building as we speak - I would point out that next time, and from all indications I see, it will be a lot sooner than people realize, where exactly will the money come to carry out that rescue? We are going to be paying off this one for a long long time to come, never mind wonderful PFI and whatever what not that the Treasury/City has come out with to avoid raising Taxes. The avoidance of that is what is going to bite us all...

[angry cat]

http://www.bankofengland.co.uk/publications/speeches/2009/speech406.pdf

[cashins]

Ah! The Bank of England.

 

Unfortunately, when cyclops trumpeted the newly created independence of the B of E, he forgot to mention he had removed 99% of their powers.

 

He has a good point in that the implicit understanding that governments would't stand by and let banks fail distorted the perspective of the banks regarding risk.

 

If you think about it, the situation is even worse. If 'thinking' the governments would't let them go under led to unsatisfactory risk management, what will get up to when they know it to be a fact.

 

David

[rickyd]

I think they've always known that so saying it loud is only a suprise to the electorate. For the banks it's business as usual.

[cashins]

I think they've always known that so saying it loud is only a suprise to the electorate. For the banks it's business as usual.

 

Hmmm....nobody seems to have told the big financial institutions that held their shares (and lost a packet on them).

 

Apart from the wrath of ordinary people who are still having to live through this fiasco, that is probably the only thing that will remain unforgiven.

 

David

[rickyd]

My own shares are now worth 30% of what I paid for them. I'm eagerly awaiting the outcome of the shareholders court case against the directors who allegedly withheld information or mis reported the facts when publishing the prospectus at the time of the rights issue.

 

As a result the rights issue was fully subscribed but I firmly believe we were conned and the offer would not have been fully taken up if the true figures had been available.

 

I'm not so bothered about the money (although it would be nice) so much as possibly seeing one or more of the directors go to jail for false accounting or fraud. That really would be a cause for celebration!

[cashins]

That really would be a cause for celebration!

 

Yeah, you have to wonder how Fred walked with that pension after the screw up he made of everything.

 

Wonder if he threatened to blow the gaff if he took the fall for it alone.

 

David

[rickyd]

Because he had been planning his exit for years and saw the storm brewing the previous year. that's why the value of his pension pot more than doubled in the year where profits were dropping (?) and because he ran the main board as a troop of "yes men" who were scared to argue with him.

 

Add to the equation an investigator from the government who clearly hadn't a clue what he was doing or who he was dealing with and bingo! he got clean away.

 

What beggars belief is how they still haven't taken his knighthood off him. If he got it for "services to banking" why wasn't it removed because of his "dis-services to banking"?

[gezwee]

My own shares are now worth 30% of what I paid for them. I'm eagerly awaiting the outcome of the shareholders court case against the directors who allegedly withheld information or mis reported the facts when publishing the prospectus at the time of the rights issue.

 

As a result the rights issue was fully subscribed but I firmly believe we were conned and the offer would not have been fully taken up if the true figures had been available.

 

I'm not so bothered about the money (although it would be nice) so much as possibly seeing one or more of the directors go to jail for false accounting or fraud. That really would be a cause for celebration!

 

Wouldnt hold your breath waiting on price to improve much soon, only took 1 small piece in the daily mail on Tuesday and sell, sell, sell again.

 

They'll be buggered if they have to write down another 6 billion at the end of the year.

 

As for Fred the shred spending 5 years cuddling up with shirley the 20 stone he/she in a 10 x 6 cell....brings tears to your eyes don't it

[rickyd]

Loving the imagery!

[gezwee]

Loving the imagery!

 

Fred tossing salads, new bankers role?.........lol

[gezwee]

What do ya reckon RD, buy in when they hit 33p and sell when they hit 75p q2 2010

 

Me thinks I've found a way to pay that loan off

[rickyd]

based on current activity you might have quite a long wait!