Friday, February 13, 2009

Does anyone else get the impression that not one stone will lie atop another when this is done?

Bit by bit, Gordon Brown's fantasy is being pulled apart by the facts

Had the inquiry occurred in Beijing, it is likely that firing-squad rifles would have been loaded even before the chairman's opening remarks.

Posted by paul @ 08:14 AM (1098 views)
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2 thoughts on “Does anyone else get the impression that not one stone will lie atop another when this is done?

  • He’s right. Banking as a public utility is simple. The ‘talents’ that are so scarce that huge bonuses are required to attract them are the talents of the con artist and master thief.

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  • Doesn’t need much comment – he’s right.

    I’ve been crunching a few numbers on all these ‘stimulus’ packages that virtually every government on the planet is promising, and at the same time have been trying to work out where the cash is going to come from.

    It’s just not there, and I’m amazed by the fact that those left in the banking industry don’t seem to be able to do the same sums and realise what this is going to do to the Gilt and Treasury market, not to mention inflation and interest rates…

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