I never thought that anyone would make me feel the tiniest batsqueak of sympathy for Sir Fred Goodwin. This is the fellow who brought a great bank to its knees. This is the man whose exuberant and uninhibited incompetence has contrived to land the Royal Bank of Scotland with the largest corporate losses ever – a bleed so colossal that the bank is being kept alive only with seemingly constant transfusions of taxpayers’ haemoglobin. Continue reading Sir Fred Goodwin and Harriet Harman – pensions and bonuses row
Tag Archives: pensions
Bankers’ greed and civil servants sitting pretty
Bonuses? For this lot? You have to be joking. It is mind-blowing. It is outrageous. It is sick. Since I have now been officially designated by the BBC as the last politician willing to say anything in favour of the financial services industry and its practitioners, I hope my friends in the City will not mind if I say that it is unbelievable – totally and utterly unbelievable – that banks in receipt of billions of pounds of taxpayers’ money should be using some of that money to “reward” their star performers. Continue reading Bankers’ greed and civil servants sitting pretty