Friday, Oct 02, 2009
Capitalism
The Mirror: Nice little earner for former Northern Rock boss Adam Applegarth
Former Northern Rock boss Adam Applegarth is set to make a fortune - helping to buy back parts of the bank he helped bring to its knees.
Posted by devo @ 09:27 PM (437 views) Add Comment
5 Comments
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1. paul said...
Orl thee need to do is understand'accent and it'll be reet greet.
2. tyrellcorporation said...
You titled this article capitalism as if it is somehow a rotten system. In fact capitalism if properly adhered to would have chewed up and spat out this charlatan. It's a left wing statist government that stepped in to save his skin. Think on that for a second.
3. devo said...
"Think on that for a second."
I did: before I posted the article.
4. shipbuilder said...
tyrellcorporation - just like the 'left wing statist' government under Bush in the US? Or does it, just maybe, go a bit deeper than 'blame loony lefty Labour'?
5. letthemfall said...
tyrellcorp:
On the contrary, no one stepped in to save his skin, but the "free market" allowed him to suck money out of the bank that wasn't even being earned. The Govt stepped in to save the bank and its depositors, not Applegarth. He is far more the result of right-wing hegemony that has persisted in this country since 1979. When did a left-wing govt ever allow banks the free-reign they've enjoyed and ruthlessly exploited these last 2 decades?