Rath on 05 November 2009
The banker bonuses thing has actually been blown out of proportion. Sure it looks bad and isn't good, but the money given in bonuses is minuscule compared to the amount loaned to the banks.
And yes, there are massive economic repercussions of giving out these massive loans. Personally I'm of the view that it would likely have been much worse if these loans hadn't been given out.
