Thursday, February 12, 2009
So, here we go, Brown picked one of the world's worst bankers to be deputy head of the FSA in spite of allegations that he had sacked somebody at HBOS because he had warned, correctly, that Crosby was taking insane risks. Brown did so on the basis of a KPMG report apparently clearing Crosby, a conclusion from which KPMG has now backed down. Worst of all, Crosby drives a BMW X5. Meanwhile, the recession is even worse than we thought. Brown keeps saying we are leading the world - it turns out he means to hell in a handcart. The banking bastards keep resorting to their version of the Nuremberg Defence - we had to do it because we were following orders and, anyway, everybody else was at it, which is another way of saying, 'I'm so stupid, desperate, feckless and utterly devoid of conscience that I'll do anything.' And on the matter of bonuses, about which Brown is desperately trying to do nothing, I like the question from Barney Frank - 'What wouldn't you do if you didn't get a bonus? Go home early on Wednesday?' Recessions of the severity described by Mervyn King bring down, among other things, governments. I repeat my forecast - Brown will be gone by June. Yet, with Labour down to ten men and their goalie in a coma, the Tories still can't seem to score. Instead, they're playing naughty geeks.
Posted by Bryan Appleyard at 7:14 am