The End of Banker Bashing ?

[youngmafbog]

According to a Banker magazine the bailouts could actually net the tax payer 30Bn, a far cry from the 850bn loss predicted by the gloom merchants.

So is vindication for Grondo and an end to Banker bashing in order ? Media URL: http://news.sky.com/skynews/Home/Business/Taxpayer-Could-End-Up-With-30bn-Return-From-Costly-Goverment-Bailouts-Of-Banks-Says-The-Banker/Article/201008415709599?lpos=Business_First_Home_Article_Teaser_Region_0&lid=ARTICLE_15709599_Taxpayer_Could_End_Up_Wi
Description:

[LeMarchand]

No.

They still messed up big style and continue to carry on with their culture of not giving a stuff about the little guys as long as they keep getting their bonuses.

[jake-the-peg]

Sorry YMB?

Didn't the toxic assets get split off out of these banks to allow them to continue as going concerns?

Isn't this a bit like cutting a rotten apple in half throwing away the bad bit and saying - look what a bargain?

In any case the fact remains that letting the banks do what they liked with insufficient regulation was like letting a toddler loose in a sweetshop

The country is still dealing with the vomit

[modeller]

You are right jake those toxic debts remain and will in all probability never be cleared .
The Bankers Mag was referring to the non toxic parts. No doubt as a softener before they give out the next lot of bonuses .