Everything that's wrong with The City in one sentence...

Here's the opening sentence of the Telegraph story on the proposed bonus for Stephen Hester, CEO of state owned, loss making RBS

Gobsmacking.

I also don't quite understand how MP's have such a huge problem giving themselves any sort of payrise on the grounds that it looks bad, yet seem powerless to stop all this. I know the arguments - it's an independent pay committee who decide blah blah blah. I just happen to think, it's nonsense.