BAB = Bonuses Are Back

I thought about sticking this in signs of the impending recovery for a laugh, but its really not funny:

guardian.co.uk/business/2009 … king-money

and

guardian.co.uk/business/2009 … s-buzzword

8DD 8DD 8DD 8- 8- BD BD BD BD XD XD XX

Not a bit surprising. Give a gambler the money to pay off his current debts and a year later he’ll be back again worse than ever.

And on another thread posters are telling me that banks will be cautious and go back to prudent lending. Yeah, right.

You’re dealing with apples and oranges here.

The consumer parts of banks are going to be under vastly different pressures than the ones engaged in “high risk” activities. The lads who get huge bonuses don’t work at processing mortgage application forms and the banks don’t have the kinds of money needed to hand out cash recklessly anymore.