Here is a catalogue of the way the Brown-Darling team is currently
mishandling our affairs.
mishandling our affairs.
This is not a “Who was responsible” for
the credit crunch piece but a “What are they up to now?” compilation.
Firstly there is the story headlines
“Royal Rebuke: Queen takes experts to task on the crunch”
I am sure she speaks for most of us when on a visit to the London
School of Economics she “demanded to know why no one saw the crisis
coming. - “Why did nobody notice it?” she asked. Professor
Garicano said “She was asking me, if these things were so large, how
come everybody missed it/” He told the Queen “At every stage
someone was relying on someone else and everyone thought they were
doing the right thing”
Then there is today’s headline story about the goverrnment-run
Northern Rock
“Northern Rock rates to rise as Bank ponders cut
Northern Rock, the nationalised bank, is expected to increase some of
its mortgage rates today before an anticipated rate cut - defying
Government calls for banks to pass on reductions to their customers.
The move will be embarrassing to Gordon Brown
Other headlines today
=UK house price fall at fastest rate in 25 years
House prices have fallen 15pc over the past 12 months, putting
further pressure on Bank of England to cut interest rates.
=Car sales suffer biggest fall for 17 years
=Rush of companies planning to shed staff as sales fall
Then we have three vignettes of what is going on still!
Ye Gods!
xxxxxxxxxx cs
Some things are not online today as the papers have largely
succumbed to Obamania and their search engines are not woking
efficiently!!!
===================
the credit crunch piece but a “What are they up to now?” compilation.
Firstly there is the story headlines
“Royal Rebuke: Queen takes experts to task on the crunch”
I am sure she speaks for most of us when on a visit to the London
School of Economics she “demanded to know why no one saw the crisis
coming. - “Why did nobody notice it?” she asked. Professor
Garicano said “She was asking me, if these things were so large, how
come everybody missed it/” He told the Queen “At every stage
someone was relying on someone else and everyone thought they were
doing the right thing”
Then there is today’s headline story about the goverrnment-run
Northern Rock
“Northern Rock rates to rise as Bank ponders cut
Northern Rock, the nationalised bank, is expected to increase some of
its mortgage rates today before an anticipated rate cut - defying
Government calls for banks to pass on reductions to their customers.
The move will be embarrassing to Gordon Brown
Other headlines today
=UK house price fall at fastest rate in 25 years
House prices have fallen 15pc over the past 12 months, putting
further pressure on Bank of England to cut interest rates.
=Car sales suffer biggest fall for 17 years
=Rush of companies planning to shed staff as sales fall
Then we have three vignettes of what is going on still!
Ye Gods!
xxxxxxxxxx cs
Some things are not online today as the papers have largely
succumbed to Obamania and their search engines are not woking
efficiently!!!
===================
Private Eye
1222 31/10-13/11.08
Never let it be said that HM Treasury lacks foresight
. Advertised in 16 October’s was the position of “Deputy Governor
for financial stability “ at the Bank of England.
“This is a high profile and influential role at a time of significant
change in financial markets” said the ad of the £240,000 post. “It is
an opportunity to put in place robust long-lasting frameworks to
deal with stresses in the system and in individual institutions. “
Coming soon: Vacancies for the role of Humpty Dumpty’s bodyguard and
water carrier for Jack and Jill.
=-=-=-=-=-=-=-=-=-
Happy days are here again at Northern Rock.
Following last week’s revelation that chief executive Gary Hoffman
would get a £420,000 bonus on top of his £700,000 salary, the Eye
learns that Sales Directors Mark Robson and richard Tugwell are
planning a Christmas jamboree in London for their senior colleagues,
which will take in several ‘golf days’ and a week long stay at the
Hempel Hotel for about 10 directors and assistant directors.
Mark and the boys have been trying to get their humble staff in
Newcastle to relocate their own Toon-bound Christmas Party to London
to spare the directors the ordeal of having to return home before the
fun ends. This would mean hotel bills, travelling expenses and meals
for about 50 head-office workers - some of whom wonder if their
bosses have quite realised that it’s taxpayers’ money they are spending.
Government’s attitude to “risk”
(A man that remains on the board of the Personal Accounts Delivery
Authority -PADA - in the wake of the financial crisis is Chris Willford)
Willford’s day job for the past three years has been finance director
of Bradford & Bingley responsible for “risk”. Over this period the
building society ignored risk to such an extent through its over-
extended ‘buy-to-let’ mortgages that last month, on the brink of
collapse, it had to be nationalised.
Just the chap to tell the rest of us how to invest for our retirement
Never let it be said that HM Treasury lacks foresight
. Advertised in 16 October’s was the position of “Deputy Governor
for financial stability “ at the Bank of England.
“This is a high profile and influential role at a time of significant
change in financial markets” said the ad of the £240,000 post. “It is
an opportunity to put in place robust long-lasting frameworks to
deal with stresses in the system and in individual institutions. “
Coming soon: Vacancies for the role of Humpty Dumpty’s bodyguard and
water carrier for Jack and Jill.
=-=-=-=-=-=-=-=-=-
Happy days are here again at Northern Rock.
Following last week’s revelation that chief executive Gary Hoffman
would get a £420,000 bonus on top of his £700,000 salary, the Eye
learns that Sales Directors Mark Robson and richard Tugwell are
planning a Christmas jamboree in London for their senior colleagues,
which will take in several ‘golf days’ and a week long stay at the
Hempel Hotel for about 10 directors and assistant directors.
Mark and the boys have been trying to get their humble staff in
Newcastle to relocate their own Toon-bound Christmas Party to London
to spare the directors the ordeal of having to return home before the
fun ends. This would mean hotel bills, travelling expenses and meals
for about 50 head-office workers - some of whom wonder if their
bosses have quite realised that it’s taxpayers’ money they are spending.
Government’s attitude to “risk”
(A man that remains on the board of the Personal Accounts Delivery
Authority -PADA - in the wake of the financial crisis is Chris Willford)
Willford’s day job for the past three years has been finance director
of Bradford & Bingley responsible for “risk”. Over this period the
building society ignored risk to such an extent through its over-
extended ‘buy-to-let’ mortgages that last month, on the brink of
collapse, it had to be nationalised.
Just the chap to tell the rest of us how to invest for our retirement
Posts
