Friday, 4 December 2009

Lord Myners' Very Short Arms

Today, I shall mostly be answering more questions oop Norf Laandon, before an evening of infecting the smarter, central part of the capital with my hedonistic self (yes, alcohol will be liberally involved).

In the meantime, ponder this ...

On 3 November 2008, Chancellor of the Exchequer Alistair Darling announced the creation of UK Financial Investments Limited (UKFI); a company wholly-owned by the Government. UKFI will manage the Government’s investments in financial institutions at arm’s length and on a commercial basis. UKFI’s overarching objectives are to protect and create value for taxpayers as shareholders; paying due regard to the maintenance of financial stablity (sic), and to act in a way that promotes competition.

... which, to my mind, doesn't square at all well with Lord Myners threatening to throw the government's weight around the RBS boardroom. Arms-length? Hmmm.

With Harman also frothing at the leash, there is a distinct odour of lefty politicians slavering at the thought of getting their claws stuck into bankers for the class-led joy of it, rather than necessarily for the good of the banking system itself.

1 comment:

Frank Davis said...

OT, but I liked this story:

Copenhagen's city council in conjunction with Lord Mayor Ritt Bjerregaard sent postcards out to 160 Copenhagen hotels urging COP15 guests and delegates to 'Be sustainable - don't buy sex'.

"Dear hotel owner, we would like to urge you not to arrange contacts between hotel guests and prostitutes," the approach to hotels says.

Now, Copenhagen prostitutes are up in arms, saying that the council has no business meddling in their affairs. They have now offered free sex to anyone who can produce one of the offending postcards and their COP15 identity card, according to the Web site