billy bragg is right - the government and RBS are irresponsible, imoral, unethical, lying, short term thinkers behaving like robber barons.

Billy Bragg protest about RBS bonus is absolutely justified

value chain:-

sell of Cadbury to foreigners (just for 1 example) - make more people unemployed - sell of their houses - some of them to foreeign investors - some of them probably to MPs who use them as second houses and claim them as expensies.

profits (abroad) made by bankers, go to their bonuses so they have more money to buy more assets from the more unemployed layed off b the richer government in cuts in public services - banks bailed out by public momey

look, RBS is about to announce 1.5 billion in bonuses - this is the amount the government is cutting higher education&research this year. How short term, bone headedly stupid is that.

UK PLC - bollocks - we aren't a PLC - the government is not taking any liability, and is selling off our assets as if they belong to a private sector and rich minority, a sector that proved itself incompetent and corrupt many times over

now we see RBS is asset stripping British companies, selling them off to the US, and then making a fast buck to pay its bonuses - how stupid is this - an 80% UK taxpayer owned company is helping make UK taxpayers redundent (i.e Cadbury's workers), so they can't pay tax and the other ta payers will be supporting them on social security
so the bastards at RBS can get bigger bonuses.

billy is right to be angry. so am i. i predict a riot.