Friday, April 30, 2010

Mutt and Jeff and Gordon Brown

So Gordon Brown says he "misunderstood" what the good lady said. If that's the case, he's quick to fly off the handle over something he's not sure about. Bit like the cabinet ministers who had the rough edge of his tongue. Misunderstood, indeed!

He said this in an interview with Jeremy Paxman. Plus this - "Please believe me, I have never been soft on bankers and I am not soft on bankers now and I have been very, very clear about what the banks have got to do in the future." So clear that the banks cannot muster any backbone for self-control. Sir Philip Hampton, the boss of RBS, is so weak that he has to cave in to his ultra-greedy employees (those who get the massive bonuses). "If we don't pay our top people (appropriately), they leave very quickly," he said. So these top people have no loyalty to the bank, no loyalty to the customers and no loyalty to the country (who bailed the buggers out). All they have is a craven desire to get filthy rich by making "profits" out of illusionary money. Most of it doesn't exist. It's all in some follow-my-leader account-hopping merry-go-round. They can make nothing into something. Must make an alchemist sick!

Gordon Brown hasn't done what he should do. Instead of bawling out Mrs. Duffy, why doesn't he get those bank chiefs in and tell them that it's straight jackets not flash jackets from now on. No funny money stuff. No hedging, no betting, no ducking, no diving, no derivatives, additives, sedatives, or laxatives. Just plain honest banking.

Any chance these modern day moneychangers might be able to clean up their financial temples?

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