Perhaps we should consider who is being rewarded for failure?

Having watched the news this morning and discovered the Government bail out plan included a pension payment to the RBS former boss Sir Fred Goodwin totalling £650,000 a year.

This pension will be met by the RBS pension fund (which presumably now we the tax payer own 85% of RBS is funded by us) , even after the prime minister said we would offer no rewards for failure.

How could the Government make such an error? Reports suggest that Sir Fred's departure was delayed so that he would get this pushed through. Shadow Chancellor George Osborne explains that it is a totally irresponsible use of tax payer money.

However, my question is this "If no one is to be rewarded for failure how come all the Ministers and the Prime Minister are still collecting pay, expenses and pension contributions?" considering that they were supposed to oversea the banking practices in the UK and that they where responsible for creating this borrower society?