This week the full extent of the losses suffered Royal Bank of Scotland were revealed. Shockingly the bank announced total losses for 2008 of US$34.2 billion - the largest loss EVER in UK banking history.

This means that the government will be handing the bank another £13 billion of taxpayer's money.

Not surprisingly therefore there has been outcry at the news that, aged just 50, the former boss of the bank - the man largely responsible for the mess it is in - is already claiming a pension of £650,000 a year.No doubt the bank is contractually obliged to fulfil this obligation as part of Sir Goodwin's original terms of employment. Extricating itself from this obligation could prove legally impossible. Meanwhile taxpayer's and employees of the bank, which is expected to announce sweeping job cuts, are to suffer the consequences of Sir Goodwin's  mistakes. He, unlike those who will struggle to survive in dole handouts, will enjoy a very comfortable retirement. What are your thoughts on the matter. Should the government step in and somehow bring about a reduction on his pension handouts?