http://news.bbc.co.uk/1/hi/business/8534694.stm
Royal Bank of Scotland (RBS) has announced losses for 2009 of £3.6bn ($5.5bn), after struggling with billions of pounds of bad loans.
Despite the losses, the bank is set to announce it will pay bonuses of £1.3bn to its staff.
Can anyone please explain the logic of bailing out a bank with taxpayers money, it then makes a huge loss and then pays it's staff £1.3bn in bonuses?
Perhaps I'm missing the point somewhere?
Royal Bank of Scotland (RBS) has announced losses for 2009 of £3.6bn ($5.5bn), after struggling with billions of pounds of bad loans.
Despite the losses, the bank is set to announce it will pay bonuses of £1.3bn to its staff.
Can anyone please explain the logic of bailing out a bank with taxpayers money, it then makes a huge loss and then pays it's staff £1.3bn in bonuses?
Perhaps I'm missing the point somewhere?
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