Bad ManagementTb2571989 says Bad Management isn't just a great name for a heavy metal band - what kind of rubbish work practices have you had to put up with?
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Scaryduck LIKES EGG, Thu 10 Jun 2010, 10:53)
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And in case you ask "well what would you have done"?It might have been the best decision to bail out the banks. I don't pretend to be an economist (although I suspect that many economists are, in fact, pretending to be economists).
However they had the ability to structure the banks however they wanted in return for bailing them out. They made the decision that people in positions of privilege should stay in those positions, and that public money should fund this.
(, Mon 14 Jun 2010, 15:15, 1 reply)
The banks are in the process of being restructured - please see the link(s) above.Also, the vast majority of the senior management in the bailed-out banks have indeed lost their jobs as a result. Stephen Hester at RBS was very much a political appointment.
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The Teviot Moose major 5th., Mon 14 Jun 2010, 15:17,
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