March 1st in Bonuses, International by Editor .
US Banks Vetoed UK banks’ “Socialist Pay” Ideas
The US banks didn’t like the British weak at the knees response to public anger…
And in the face of the baying mob, US bankers told their UK counterparts to pull themselves together and pay some proper goddam bonuses.
Independent: America’s top bankers quashed attempts by their British counterparts to persuade the industry to bring down salaries in response to public outrage after the world’s governments spent billions rescuing the system.
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And the rest, as they say, is history.
