Firstly, let me apologise for my long absence. A good deal of which was somewhat beyond my control and involved a point of principal. Suffice to say, these texts survive and I will not be bullied by any empire, however evil ... enough said.
Recent events have seen the likes of Bastardlays and their cohorts taking billions of tax-payers' dollars and pounds to bail themselves out of their own mire. Bastardlays incidentally reported profits of £2.75bn for the first half of 2008. Poor, poor Bastardlays. Quick! Throw them a rope! With any luck the whole lot will hang themsleves with it.
During this whole debacle, you may be forgiven for asking where on earth the Financial Services Authority have been. I have previously written about the FSA's woeful performance (Northern Rock, John Tiner) and all their new chief executive, Hector Sants, has been able to come up with is a statement of regret that the regulator "did not do enough". An understatement if ever there was.
So, our governments have taken billions of our pounds, dollars and various other currencies - money that was apparently not available to fight disease, poverty, injustice, pollution or child abuse - and handed it to the very people responsible for the financial crisis. Of course, there are strict conditions around these bail-outs such as the banks being required to free up lending in support of small businesses and individuals, as is perfectly demonstrated by the fact that the US-based PNC Financial Services Group is using $5.6bn of its bail-out funds to buy its rival National City Bank.
Bastards ... slimy bastards all over the world!
Recent events have seen the likes of Bastardlays and their cohorts taking billions of tax-payers' dollars and pounds to bail themselves out of their own mire. Bastardlays incidentally reported profits of £2.75bn for the first half of 2008. Poor, poor Bastardlays. Quick! Throw them a rope! With any luck the whole lot will hang themsleves with it.
During this whole debacle, you may be forgiven for asking where on earth the Financial Services Authority have been. I have previously written about the FSA's woeful performance (Northern Rock, John Tiner) and all their new chief executive, Hector Sants, has been able to come up with is a statement of regret that the regulator "did not do enough". An understatement if ever there was.
So, our governments have taken billions of our pounds, dollars and various other currencies - money that was apparently not available to fight disease, poverty, injustice, pollution or child abuse - and handed it to the very people responsible for the financial crisis. Of course, there are strict conditions around these bail-outs such as the banks being required to free up lending in support of small businesses and individuals, as is perfectly demonstrated by the fact that the US-based PNC Financial Services Group is using $5.6bn of its bail-out funds to buy its rival National City Bank.
Bastards ... slimy bastards all over the world!
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