BANKER: The Public Needs To Work Harder For Less Money And 50% Fewer Benefits

[abelenkpe]

BANKER ON HOW TO SOLVE DEBT CRISIS: The Public Needs To Work Harder For Less Money And 50% Fewer Benefits

Read more: http://www.businessinsider.com/hans-jorg-rudloff-barcap-work-more-less-benefits-2011#ixzz1HMwyyTMT

An investment banker from BarCap recently told the Forum of Economic News that he's got the solution to bring "competitiveness" back to the European Union.

Cut benefits by half, and make everyone work harder.

(snip)

The comments from Hans-Jörg Rudloff, the head of the Management Board of investment bank Barclays Capital, will obviously infuriate the public, who will remember that BarCap paid out bonuses that were so good this year that bankers gathered at a bar immediately after work for a champagne toast to everyone receiving "at least a £600,000 bonus."

Here's a transcript of what he said:

"Europe is carrying a social rucksack, which makes us uncompetitive in this world. We have provided living standards for our populations which are unheard of, which no one ever thought would be possible, for the last 50 years."

"People do not want to give up these living standards."

(more at link including video)

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Apparently there are Scott Walker types trolling around Europe as well.

Workers of the world need to unite, demand fair and decent wages and the ability to retire in good health. We need a new FDR desperately....

[DJ13]

1. I think hanging the bankers is a better solution

[villager]

4. + 1,000

n/t

[aquart]

7. Oh, me too. But I was trying to be reasonable.

Screw reasonable. Banker heads on pikes.

[socialist_n_TN]

8. Agree.......

You said it all.

[Donnachaidh]

9. in a public square, so we can watch.

pack a lunch.

[Matariki]

13. Ha. They're really pushing their luck, aren't they?

[socialist_n_TN]

18. It's because they don't care anymore..........

They believe they've won. Of course this is in Europe. There's still a LOT of Reds there.

[fishwax]

46. indeed n/t

[sasha031]

17. k/r rec.

[FiveGoodMen]

19. Amen!

[NutmegYankee]

+1

[Curmudgeoness]

21. Dust off my guillotine and sharpen the blade. nt

[hobbit709]

40. +100

[ArcticFox]

22. hands down best solution

[The Magistrate]

27. That Is Certainly My Preference, Sir

[Starry Messenger]

30. This.

[Lorien]

35. Bring back the guillotine. nt

[hlthe2b]

2. "Let them eat cake"....

How'd that work out the last time it was expressed, eh rich, sociopathic banker?

[aquart]

5. That's not what he said.

He said "Let them eat day old bread they buy cheap so WE can eat cake."

[earthboundmisfit]

20. Right here

[aquart]

3. Bankers, of course, need 600% more.

What they really need is public flogging but we never think of that.

[LeftofObama]

6. I have a solution on how to solve the debt crises too........

It involves putting this idiot an his ilk in front of poor and middle class people and having him repeat verbatim what he told the Forum of Economic News.

[socialist_n_TN]

10. Instead of a new FDR ..........

I beginning to believe we need a new Lenin or Trotsky. FDR was trying to SAVE his class which consisted of people like this. As I've said before, they couldn't even save themselves because of their hubris.

But workers of the world DO need to unite because the capitalists are international.

[Angry Dragon]

11. He is just a crawling piece of slime

[Skidmore]

12. So is he going to work harder for less and give up his goldne parachute?

[abelenkpe]

16. Good question.

Kinda think most bankers could be replaced with an inexpensive computer program meself...

[Lucky Luciano]

28. High frequency trading algos are very expensive and highly nontrivial! nt

[grillo7]

41. No, you're forgetting that some animals are more equal than others n/t

[TroglodyteScholar]

14. PUBLIC: Banker Needs To Do Some Honest Work For 90% Less Money Or Mandatory Asswhippings n/t

[abelenkpe]

15. LOL!

Indeed. :)

[Bake]

25. Oh hell, why not BOTH?

Less money (a lot less) AND mandatory whippings?

Works for me.

Bake

[Dawson Leery]

23. This is Europe. As Sarkozy has learned the hard way

any attempt to implement such draconian policies will result in a massive backlash that will cost many their political careers.

[Thunderstruck]

24. So, if we're the public, what the fuck does he think he is?

[WinkyDink]

26. Title should include the word "European."

[xchrom]

29. A little American context: think about the concessions

Made by public workers in Wisconsin, think about UAW
Concessions made to keep GM jobs in Indiana --
His side is winning - with moderate 'liberals' helping them.

[Quantess]

31. Fuck him!

For his own sake, he should hire a bodyguard.

[HughBeaumont]

32. Hey, lurking idiots -- still think the rich like YOU?

Still think you can relate to the rich rather than your own people?

Still think you're going to be part of that club someday?

HERE'S WHAT THEY THINK ABOUT YOU, IDIOTS.

You're "useless eaters".

You're breathing THEIR air, oxygen thief.

You're taking up THEIR space.

Only an IDIOT would vote a Wall Street Fascist for governor to stick it to them thur Wall Streeter whut ruint thuh economee!

Stupid shit oxygen thief fucknards.

Yeah, keep on genuflecting to your masters, bitches!

Keep on shooting your feet lovingly. Keep on blaming Democrats, yewn-yuns and (insert racial slur here)s. Republicans love you as they're chopping you from the feet up.

[JackRiddler]

33. The killers want to frame their victims.

Fuckers like him have been saying this bullshit for 50 years...

Interesting that he concedes Europe has carried this terrible burden for so many decades... and yet the disaster his ilk keep promising never seems to come. They just keep getting richer... at least until the BANKERS burned the people's wealth.

This is sheer projection. His class did the killing, and they want to frame the victims.

[L0oniX]

34. Death to all sociopath banksters!

[TBF]

36. We don't need a "new FDR", we need a new economic system. nt

[sarcasmo]

37. Eat the rich.

[Astraea]

38. Two words:

FUCK YOU

[Rex]

39. I say walk him off a short pier and see how hard he works at swimming.

Fuck the rich, may they die poor.

[CoffeeCat]

42. That's just frickin great!

They demonized unions and busted them up. Now they're demonizing our benefits. Pretty soon,
companies will begin cutting benefits and making us pay more. Then, many companies will cut
out benefits entirely. No one will notice thought, because they will screw over the little
guys first, and the little guy has no voice and no power. And Mr. Middle class will believe
that it won't happen to him. Then it will. Then the majority of Americans will have no benefits
or will pay handsomely for them.

Then, when only 20 percent of Americans have full benefits--these crooks will point to those
people and declare that they are selfish, greedy and a drain on the rest of us. Class warfare
just like they did with the unions.

I don't think these butt heads will be happy until we're all working in dilapidated factories 15 hours
a day for 10 cents an hour.

[socialist_n_TN]

45. Your last paragraph is accurate IF........

you take off the "I don't think".

[CoffeeCat]

47. Thanks for pointing out that I wrote this...

...that's really poor grammar isn't it? It's one of those
annoying phrases that sticks out like a sore thumb.

I always notice when people start a sentence with the word
"hopefully".

I type very fast and sometimes I type as if I were speaking, and
I bet I say "I don't think" more than I realize.

Thanks for mentioning this!

[xchrom]

43. Kick

[JVS]

44. We got a debt crisis because wages were not keeping up with prices.

Doing what he says will make the debt crises worse.