Bankers' Bonuses

Cameron played to the gallery during PMQ'a by demanding that those banks that are being bailed out don't pay bonuses. Fair enough ....

If the bank needs bailing out its hard to think that it has made its targets and therefore the Senior managers shouldn't be getting bonuses

except that..

within the banks there may be some functions where teams have made or even exceeded their targets and may have contractual terms that guarantee their bonuses if targets are met. We wouldn't to be breaking those contracts and losing what may well be very good people, would we?

Surely we want those people to stay and hopefully help to build a profitable bank, don't we?

Sometimes it would be nice if senior politicians would engage brains before opening mouths.