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Attacks on bankers' pay are no different.
Attacks on bankers, he tells them, are also something he and his colleagues will continue while excessive bonuses remain on the table.
ATTACKS on bankers by protesters from Occupy Wall Street, Occupy London and Occupy any city where a financier might have the temerity to turn a quick buck have spiced up the dreary economic news of the past year.
Stuart Fraser, chairman of policy and resources at the City of London Corporation, the City's local council, criticised attacks on bankers as overdone, and lashed out at the rise in income tax to 50% for higher earners.
As critics increase their attacks on bankers' paychecks — seen as excessive in light of today's market turmoil — several financial firms are planning new guidelines on pay and bonuses, The Financial Times reported.
For three decades they have acted as quasi-official regulators of public debt markets, and yet enjoyed the fat fees of financial intermediaries, all the while escaping the brunt of attacks on bankers, auditors and the rest of the financial industry.
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Her comments followed an attack on bankers by Myners, who has estimated that at least 5,000 bankers in the UK will earn more than £1m this year.
Highlight 1: On banker-bashing In his opening gambit in 2013, the lothario-turned-revolutionary – in red open-necked shirt, trademark skinny scarf and black suit – provided a scathing attack on bankers.
So they seemed a bit bemused during his speech, applauding politely and only really getting into it when he threw them some left-wing read meat (such as his "daring" attack on bankers).
A case in point is FDR's attack on bankers in his first inaugural: "Practices of the unscrupulous money changers stand indicted in the court of public opinion, rejected by the hearts and minds of men..
If he understands the math associated with who financed these bonuses, I should hope he is including He Who Sees No Bubbles (Bernanke) and Timmy Geithner in this all-encompassing populist attack on bankers.
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