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PPI Claim News - 14/12/2009

PPI: President Obama criticises 'fat cat' bankers

US president Barack Obama has hit out at bankers' bonuses.

In an interview with television channel CBS, he said that he understood public outrage at bankers' earnings, commenting: "I did not run for office to be helping out a bunch of, you know, fat cat bankers on Wall Street".

He acknowledged public anger at bankers receiving large bonus payments in spite of their role in causing the global financial crisis, high unemployment and continuing economic problems.

The president called on banks to comply with new regulations and take responsibility by minimising risk.

New legislation to give greater control over the banking sector to the US government is currently progressing through Congress.

Last week, the British government announced a one-off tax on bankers' bonuses in the Pre-Budget report delivered by chancellor Alistair Darling Darling. Other countries including France have indicated that they intend to follow suit.

For free advice on how to make a PPI ClaimPayment Protection Insurance claim or a credit card charges claim then call Belmont Thornton on 0845 526 0000 or fill in the Quick Claim form to be sent a free PPI Claim pack or credit card charges claim pack.ADNFCR-2776-ID-19511184-ADNFCR

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