Update Friday 13th: copied in full from Guido: Ponzi StateJeff Randall in the Telegraph nails it:
Q: What's the difference between Bernard Madoff and Gordon Brown?
A: One has drained fortunes from gullible victims, plundering their income and savings to create an illusion of prosperity. The other is going to jail.
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Thursday 12th: "And the truth is, there is something terribly wrong with this country, isn't there?" I have used the word 'ominous' at least twice in Owsblog titles and as far as I can remember it was always about Hugo Chavez or some terrorist threat. This time it's about Gordon Brown. "When I first heard Mr Robbins’s story, it seemed hard to believe"...Fraser Nelson in the Spectaror [Link (print)] That's not all; it really is getting too much; there were about 10 stories about Gordon Brown I wanted to post this week: his failures, the banks, his meddling, the borrowing, the foreign and independent investors scarpering. Yesterday in the Coffee House: "How Brown plans to borrow more money than the market would ever let him". Christ, how depressing. "Now he has his new toys, he can tweak banking regulations to have the nationalised British banks buy his crappy debt instead, and thereby divert the nation’s savings into the Treasury’s coffers"..."In any other circumstances, this would leave Brown with a major funding problem – and we’d be in Dennis Healey IMF bailout territory. .[but] These nationalised banks have been gripped by a mysterious sense of patriotism and have started to buy Brown’s IOU notes."Sorry for the lack of Ows comment but I am fighting the urge to just post a string of expletives and ferment revolution, and no, the irony of the fact that V was broadly influenced by the political climate in the UK during the early 1980s and what V for Vendetta was really about - "It was about fascism, it was about anarchy, it was about England" - hasn't escaped me."The terrifying fact is that Gordon Brown and his colleagues are now in charge of most of the British banking sector, and they have only just started to play with it. It is, as Mr Brown says, a 'wholly new world'."
9 comments:
I remember the IMF bail out all too well. I was studying economics and the British Constitution at O level at the time and had a row, now a discussion, with our teacher at the time. I was against it would you believe, I think that was the influence of my paternal Grandmother who was a rabid Conservative and took me to see Ted Heath at his rallies when I was 10 or 11. When I say rallies I don't mean to conjure up images of Nuremburg or Franco, these were mainly attended by women who would go on to knit Shredded Wheat.
Sorry should have read 'not a discussion'.
Oh PS - sorry to hog the posts, received my latest pension valuation this week. I've been contributing for nearly twenty years and when I retire I'll be poor.
Damn...thought I was popular! ;-) memories of 20 and 30 comments!
So, you mean Accountants are being told to pull their SOX up (did you see what I did there?)
Pension...err, what's that! Retire? What's that?...my sis retires next March...she'll be 48....and she won't be poor!
P.S. a few replies on that Lord Ahmed thread about you and CA's...
P.P.S...damn, now I'm doing it! That accountant comment was meant for the other post re Common sense...doh!
Ted Health rallies eh, always knew you were a lefty!
Have you done a post on Knox yet?
I noticed your comment on 5live that she is bonkers and i was wondering if that was a guilty or not guilty bonkers. [we can't discuss that on the bbc!]
Me; I'm hoping she is innocent but she does seem in a pickle.
Hi Lucy...
I think she's probably guilty but will get off on grounds of being bonkers! That is just my feeling; maybe too many different drugs didn't help her state of mind either.
P.S....that anon was me!
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