Reward the incompetents -

it's only public money

the screamthe scream

Adair Turner, chairman of the Financial services Authority, was testifying before MPs investigating the recent banking crisis, which forced ministers to use £37 billion of taxpayers money propping up British banks.Asked if he would pay bonuses to FSA staff who oversaw the banking system this year, see here, Lord Turner said that he would:

"We do have a bonus system. I am sure we will be paying some bonuses this year. They have earned it. They have done pretty good work.We have people who have been working extremely long hours and quite competently."

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