Mervyn King: Banks putting profits before customers

[Armistead]

Originally Posted by Schroeder

And when they lose money the taxpayer bails them out...if they are big enough...pretty neat business concept.

The unions do have an argument on that level, the government bails out banks, but doesn't ask for cuts in salary, multimillion bonuses and stock options.
Since bankers got our tax money, their salaries should be cut to the average norm, cut benefits, etc...