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Old 09-02-2009, 18:39   #14
Nickelson
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Re: Barclays 6.1 Billion profit

Quote:
Originally Posted by Less View Post
Miserable sod, one bank that didn't need help!

Maybe the rest need to know how they did it? Then follow their example, instead of being bailed out and giving the money to those that wasted it!
They basically did, however they opted for forgein investment rather than government bail outs in order to settle the balance sheet.

Also
Quote:
''Barclays, which has taken advantage of government bailout schemes but has not accepted rescue capital from taxpayers, will today announce that bonuses for 2008 will be down by about half on average. Barclays Capital, its investment banking arm, is expected to pay out £600 million, while there will be additional bonuses for people in the retail and commercial arm of the bank.''
- Gordon Brown says banks will not 'reward failure' - Times Online

And your telling me that the government wont juggle the rescue capital around so that it does come from the taxpayer.
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