Friday, January 4, 2008
Darling finds his spine?
Looks like Dear Alistair isn't happy in his interview with the FT (http://www.ft.com/cms/s/0/ec63ba08-ba27-11dc-abcb-0000779fd2ac.html)... "I do think that the COBRA model which we use for other difficulties is one that has a great deal of attraction." ...seems he want's to give the FSA bigger teeth and (without even having to read between the lines) be able to cease a banks assets and take control on behalf of the public. Not sure how the banks will react but I can see the weekend cartoon in the Guardian of "Crash Gordon" and his trusty side-kick Darling bursting through the doors of Northern Crock in a "Batman"/SAS style entrance ;^)