Distraught faces on the trading floor

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Distraught faces on the trading floor

Distraught faces on the trading floor

Distraught faces on the trading floor

Gloom and double dire doom reaches the stock exchange

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Guest: Laughing at them all (411 days ago)

i love it, these people abusing dave junior just have no idea, yeah its his fault is it when you probably have everything in your house, your house and your car through debt...the bankers can get us in this situation but they also get us out of it, its cause of them the banks have the money to lend you the 100k's you borrow..thats what i hate about this situation too many uneducated fools with too many opinions!

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Guest: Tom (412 days ago)

Cheer up! It's not your money, it's ours!

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ghostlaird (412 days ago)

I ain't swallowin it......! Don't even know who Dow Jones is anyhoo.....!

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Guest: read deeper than the tabloids (405 days ago)

one point i would like to make is that yes these banks bosses have earnt a fortune, but so has most bosses of alrge organisations. the former CEO of glaxo smith kline missed all his targets and was forced to resign in which he took a £26m golden parachute, it happens everywhere..our economy has its problems but some of youa re right what else is there.. as for these bankers, my friend is a succesful one adn he works near on 20 hours a day with the notion that any second you could lose your job..

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Guest: Angry Alan (412 days ago)

Dave Junior, grow up pal, get a proper job & stop fidlling with your figures...take a risk...what with other peoples money ? yeah, a real F**cking hero, hope you trip on your frappachino trading tongue...

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Guest: Dave junior (412 days ago)

I'm a credit trader and we don't all look like this. You can catch anyone looking like this for a second in a day. Sure things are bad but hearing a joke then smiling and seeing that picture on the front page of a national newspaper (as I have seen occur) is a f*cking farce. If we didn't get paid a bonus none of us would take risk and we'd produce 4% a year returns - want to invest in that fund?

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Guest (412 days ago)

I like 12 - the dudes with the 2 phones rubber-banded to their ears...oh nothing to talk about now is there....we are so effed

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popcorn (406 days ago)

Dave, your defending the undefendable. I personally don't know anybody who earns $300M per year. You are mis-representing my statement. Read it again and note the plural. These are a snippet of headlines from some of the European Banks: "HSBC faces rebellion over £120m executive bonus plan" "HBOS shareholders back executive bonus scheme; BANKING: Payments could be worth about pounds 20m" "Deutsche Bank CEO Josef Ackermann went on trial Thursday for a second time after approving disputed multimillion-euro bonus payments to executives."

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pafc20 (411 days ago)

Is number 1 Suggs from Madness?

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Guest (411 days ago)

wank

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Guest: NeilH (411 days ago)

@Dave Junior Fine, but why do you get rewarded when your risks pay off but when they don't the tab is picked-up by the taxpayer? Effectively, the rewards are privatised but the penalties are socialised. And, fwiw, everything in my house was not bought on borrowed money, and the banks have been making a tidy profit from my mortgage interest for years.

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Guest: Dave juinor (412 days ago)

I'm glad none of you feel responsible for taking out 110% mortgages. No fault there. No fault with the retail banker giving it to you and certainly no fault of the pension fund investor who wanted higher returns from investing in CDOs. No no no...

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Guest: Whoopsy (412 days ago)

Dave junior - get back to work! What are you doing on this site anyway? Have you got any subprime to.. oh wait.. never mind.

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popcorn (404 days ago)

Latest comment: "Charles Mackay wrote a classic history of financial crises called “Extraordinary Popular Delusions and the Madness of Crowds,” first published in London in 1841. “Money ... has often been a cause of the delusion of multitudes. Sober nations have all at once become desperate gamblers, and risked almost their existence upon the turn of a piece of paper. To trace the history of the most prominent of these delusions is the object of the present pages. Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, and one by one.” "

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Guest (410 days ago)

Popcorn, well said.

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popcorn (411 days ago)

Hmmmm, I call a tough job, being a fireman or a teacher or a nurse or somesuch. You know one where you are not actually phucking other ppl over to earn a bonus. As an alternative, how about a socially responsible economy? You know one where there is regulation and oversight. The boss of Lehman brothers got $300m in bonuses over the last few years, like many many others. For years, the right has been accepting money from the finance lobby to deregulate. The free market has now ate itself and we will be left to pick up the pieces. Thanks a lot you bunch of greedy p-ricks.

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Guest: nunu (411 days ago)

good luck Dave jnr @everyone else it is a tough job and yes the rewards for some can be mind bogglingly huge, but without Dave jnr and his colleagues where would we be? and dont just say 'not in this pickle' I mean what kind of economy would you suggest to replace the one we have?

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ghostlaird (412 days ago)

When ya got cameltoe, ya know ya screwed

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Guest: orb (412 days ago)

and not one of them hanging lifeless from their Hugo boss ties, oh well

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Guest: Dave junior (408 days ago)

I'd love to know how "many many" other people you can name who earnty 300mio a year! I certainly don't know them and I'm a trader who works 15 hour days!

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Guest: Dave junior (411 days ago)

Agreed. The large bonuses (and btw 98% of traders don't get millions they get a lot less) were paid based on the profit that was genuinely perceived to have been made. People thought they had created a situation where everyone one - borrowers, lenders while reducing risk. Trouble was it was fool's gold. The real problem is we've had good times too long. Capitalism in inherrently has cycles (an economy can't grow endlessly at 2% a year because there is no incentive to outperform aka greed).

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Guest: lamb (412 days ago)

number one looks like suggs out of madness!!!

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