According to this mornings papers, Ministers are 'trying to negotiate' a cap on RBS bonuses of £25,000.
This is 'a bid to silence the public outcry over the City's culture of huge rewards and dangerous risk-taking'.
What planet are the Government on?
We OWN 68% of RBS. Ministers shouldn't be negotiating, they should be telling RBS to take a running jump, preferably from a very high floor.
The fact that RBS are even suggesting bonuses in the current situation shows that they still have not got the first clue about their culpability for the financial crisis nor any idea of how they are seen by the rest of the population who have had to bail them out.
The fact that a Labour Government thinks a cap on bonuses, set at a level higher than most people earn in a year, is in any way acceptable, shows how comepletely out of touch they are with reality too.
And is it really too much to ask that there might be at least a hint that the Government's motives might have something to do with what is right, rather than what is expedient?
Bankers should not be getting any bonuses at all, for several years if ever again.
Senior Executives, whose massive salaries were justified on the basis that high salaries were needed to attract 'the best people' have blown that theory right out of the water. They trousered millions in the good times, and they should be taking salary cuts now.
And we, or at least anyone who is still feeding the profits of these numpties, because we share the blame for letting them get away with it, should move our accounts to the nearest mutual building society.