Monday, 13 October 2008
EU Clobbers Europe's Banks And Itself
As the dust settles on the 'British' bank recapitalisation programme just announced, it becomes more and more obvious that the banks have not been recapitalised but clobbered. Take The Royal Bank of Scotland (RBS) for example. Its current shareholding will shrink to 43% from 100% of the company's equity overnight. In addition to that the insistence by Brown ...
Posted on The Tap BlogGordon Brown is a bare faced liar
Gordon Brown is a bloody liar. Some people would regard such language as unparliamentary, but there is no other description for Gordon Brown after what he said at the Prime Minister's press conference today concerning the financial crisis, which is putting a fixed grin on his face: “I have to say we face this situation with relatively low...
Posted on The Waendel Journal.
Tuesday, 14 October 2008
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