So the Government has taken control of my bank, one that was perfectly 'sound' prior to Gordon Brown's 'decisive action' in trying to rescue a Scottish bank that had ignored some basic banking principles.
All we hear now, almost on a daily basis, is Gordon Brown promising to do everything for 'hard working families and Alistair Darling trying to get 'banks lending again'. Today, on the news of the Government taking a 65 per cent stake in Lloyds, is Stephen Timms, Treasury Minister, commenting on the fact that taxpayers could lose up to £100bn on the deal saying "We don't know".
Can some economist out there please explain to me why Gordon Brown and Alistair Darling should believe they are qualified to solve this mess? I am at a loss to understand how anyone, whose sole academic achievement would seem to be a PhD in History or who only has a legal background can suddenly become financial 'experts' - which is probably the reason the country got into this mess in the first place! At least Stephen Timms appears to have an MA in Mathematics, so presumably he can add two and two and arrive at the correct answer - one can but hope!
If Gordon Brown really, really wants to do everything in his power to 'help hard working families' the answer is extremely simple.
Just resign Gordon - job done!
Subscribe to:
Post Comments (Atom)
2 comments:
WfW, why can't they all just f*** off? I have no interest in investing in bank shares, not now, not ever, and certainly not now. Why on earth would I want somebody to forcibly deduct x% from my salary and invest it in bank shares on my behalf?
...the answer is extremely simple.
Cutting taxes would be a good start.
Post a Comment