Friday 8 October 2010

Meanwhile, on planet Banknote...

Language is a funny old thing. The way in which words are used - and their meanings to different people - can tell you a huge amount.

Take this quote by a representative from a City law firm, made in response to the idea being floated of capping bonuses to a certain multiplier of base salary - the way he uses the word "acceptable" is startling, and points yet again to the bubble of unreality that many of these individuals live in:

"Whether this would achieve the desired risk-aware behaviour from traders is doubtful, as there would be more pressure to put up salaries so that proposed bonuses fall within acceptable levels"

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