The FSA does nothing for consumers because it is a sleazy organisation paid for by the banks that it supports - it is not a proper regulator. Clive Briault is the man who granted the waiver to allow the banks to stop dealing with reclaims for penalty charges. Our PM set up the disastrous FSA as CoE

Peter Brown, Newport, Wales

Perhaps the 'Times' can investigate who wrote out and signed his employment contract?Isn't it interesting how the people who write and sign these types of 'Rewards for Failure' contracts always manage to remain happily anonymous?

Rajeev, Northwood,

The new and latest FSA regulation is 'Principle Based.' They don't write rules anymore. The FSA lets companies/business write the Principles and the FSA rubber stamps them. If the companies don't like the Principles they change them and the FSA rubber stamps again. What do the FSA do for consumers?

Richie, Cardiff, Wales

I thought G Brown was against rewarding failures?

He presided over this one!

Howard, Chester,

Must be nice to be a complete loser and incompetent and still get paid more money than most people make in 20 years! Where's my job at Northern Rock.? I could have done an equally pathetic (and possible illegal) job at ruining people's lives! Although I am probably not as qualified a loser.

Andrew , Godalming, UK

Absolutely bloody disgraceful - and all done whilst NuLabour was in power. 'Power', that's a joke. Whilst NuLabour fiddled the books and lied to the taxpayers more like. Prosecute these people, and this man in particular, - They have damaged Britain far more that any bank robber or mugger.

Riley, Kiev, Ukraine

During the 1990s I taught physics in a comprehensive school with over forty staff. I achieved exam results in the top half dozen of those staff for a decade. My bonus for this ? £60 (yes sixty, not sixty thousand, and only a one off payment). Kids, don't waste your lives; Be spivs.

Eric Skelton, Cardiff, Wales

If only lesser mortals, like me, could reap such rewards for incompetence. No doubt there are plenty at Bradford & Bingley walking away with similar 'compensation', leaving the shareholders with the lead canister marked 'Danger: Extremely Hazardous Materials' containing its loan books. Thanks a lot!

Colin Johns, London, UK

why do we allow such ineptitude to continually be rewarded in financial terms?Talk about double standards !

tim davies, cardiff, Wales

Simply amazing how CEOs who fail are rewarded. For me he should have been held liable for the failure and that bonus should be paid back to the company. Brown talks of taxing the rich, perhaps he needs to look at just what he has presided over more closely?

John Brown, London,