Monthly Archives: March 2009

Piano wire and toilet justice.

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The home of Sir Fred Goodwin, the face of Britain’s failing banking system, was vandalized early this morning. Three windows were broken and a car parked outside also suffered broken windows. A group calling themselves ‘Bank Bosses are Criminals’ have claimed responsibility, and warned that this is ‘just the beginning’.

Meanwhile, when asked in the congressional hearing, Edward Liddy, the new blame free boss at AIG preferred not to disclose the names of those executives receiving bonuses, because members of the public though they should be ‘strangled with piano wire’. Piano wire and toilet justice.

Warnings against Brown’s spending spree.

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Mervyn King, the Governor of the Bank of England, has cautioned against further significant spending by the government to stimulate the economy. Mr. King argues that the current high levels of debt means that the government needs to be careful about further spending. Warnings against Brown’s spending spree.

Is the 90% tax bill unfair?

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Kenneth Lewis, the Bank of America Corp. Chief Executive seems to think so. Lewis has written to congress to express his concern, saying the legislation penalizes employees who are not responsible for responsible for creating the financial crisis the US is suffering. ‘In this environment, I am very concerned about our ability to retain some of our most valuable associates’, he went on to say. Is the 90% tax bill unfair?

Under pressure.

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Gordon Brown’s leadership skills are under even more pressure today, as the new unemployment figures were made official yesterday. The figures saw the highest increase in February since records began in 1971. 138,400 people lost their jobs in February, taking the total number of people out of work to 2.03 million people. Under pressure.

Brown finally accepts some responsibility.

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In an interview with the Guardian newspaper, Gordon Brown finally admits some responsibility over the financial crisis. After David Cameron’s apology and subsequent double digit lead in the polls, this was only to be expected. Although it is doubtful whether this is enough to diffuse the calls for an apology from his political opponents. Brown finally accepts some responsibility.

Cheney proves he is still deluded.

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Dick Cheney is still the Dick Cheney we got to know, but not love, for eight years. In an interview with CNN’s John King, he strenuously defends George W. Bush and the policies implemented during the administration Cheney was such a big part of. He also launches an outright attack on President Obama, saying that the new administration’s politics will leave America vulnerable to attack. Cheney proves he is still deluded.

The broken image of the MI5.

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Several MPs have called for an inquiry into the claims of Binyam Mohamed, who is adamant the MI5 fed information to the CIA when he was in custody, making the MI5 implicit in the torture he endured while in captivity. Mohamed was held in Afghanistan and Morocco before being transferred to Guantanamo Bay. The broken image of the MI5.