In his article At least the City doesn’t go on strike for The Independent Mark Steel wonders if there’s a single thing of worth they do.

You almost want to shake their hands in admiration. The total amount of city bonuses for the last year, it turns out, is £12.6bn. Which is more, apparently, than the nation’s entire budget for transport. And you can be certain some bankers will hear that and think: “That’s outrageous – if the economy didn’t waste all that money on buses we could be paid what we’re really worth.”

And despite being the most vastly paid section of society, no one can explain a single thing they do that’s of any value at all. If they had their bonuses stopped they could hardly go on strike, as it’s unlikely that it would cause much of an emergency, with people appearing on the news to say: “Unless they get back to buying files of bonds and selling them half an hour later for three million pounds profit, I’m going to run out of share speculation, and I can’t put up with that, as I’ve got three kids.” Read the rest of Mark’s article.

Hat Tip: Chicken Yoghurt.