Why Do They Keep Banking?

Daniel Knowles today writes...

'Since starting at RBS in 2008, Mr Hester has been paid something like £4.8 million in basic pay, before we even consider his bonuses. Surely he has something better to do with all that money than carrying on working as a banker?'

I think I'd consider retiring after £4.8 million as well, but then I guess I don't have the Protestant work ethic.

The Church does provide us with an actual answer to the question of why no amount of money is ever enough for Mr Hester, but it would be uncharitable to say it. Sorry, I should correct that. It's not just any money. It's your money. RBS was bailed out by the taxpayer in the financial crisis. We must keep reminding ourselves that the economic crisis was caused by men and women on disabled living allowance in council estates. I need to fix my van and start a small business. Any chance of a loan, Mr Hester? No? Thought not. You see, no amount of money is ever enough for these guys. Also, important to remember that the huge welfare bill is the fault of those claiming housing benefit. It has nothing at all to do with the rent prices themselves, which are by no means inflated by landlords asking for £170 a week for a 1 bed flat in Brighton in which you can barely swing a cat. That's just the 'market rate', much like there exists a 'market rate' for Mr Hester.

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