"We need our big bonuses or London will suffer, say bankers"

The above is a headline from the Independent today.
Honestly, the arrogance is astounding!

I think it is fairly well established that the exorbitant bonus culture that has been prevailing in the City of London, amongst other financial centres has been largely responsible for the situation we currently find ourselves in.

Lets just analyse the statement though.

The chain of logic is as follows