54% of LabourHome Readers Want Gordon to Go

A survey of Labour supporters by LabourHome for the Indy tomorrow finds 54% want Gordon to go before the next General Election with 46% wanting him to stay. 57% believe there should be a leadership vote at party conference and 43% think there should not.

Miliband is the favoured successor of nearly a quarter (24.6%) of those polled…

+++ FSA Bans Short Selling +++

First they came for the capitalists…

(Guido is short FTSE Futures. What are you going to do Gordon?)

Miliband : Brown is in "Bizarre… Denial of Reality"

This morning the Guardian’s political editor Patrick Wintour quoted an anonymous cabinet minister off-the-record.
Gordon Brown’s authority was further undermined last night after it emerged several ministers sharply criticised the decision to use this week’s political cabinet to discuss Tory weaknesses rather than Labour’s own unpopularity. One member said the tenor of the meeting was bizarre and a denial of reality as we sat listening to how deep down David Cameron is not really popular”.

That cabinet minister was David Miliband. Guido knows this because David Miliband is always using the word “bizarre”, it is his favourite word in television interviews, in print and in speeches.

Usage of the word “bizarre” by Miliband:

Indy
Tuesday, 9 September 2008
We badly need a treaty to control the arms trade
It is
bizarre that we’ve treaties to stop nuclear arms, but not to stop weapons flooding into conflict zones

David Miliband interview on Radio 5 Live
February 2, 2008
“Well I think it’s a very bizarre comparison to compare Robert Mugabe’s Zimbabwe with China.

Sunday Business Post
June 22, 2008
…The other member states see themselves as perfectly entitled to decide on the basis of their own national interests – just as Ireland has – whether to ratify or not. British foreign secretary David Miliband described the idea that Britain should not take its own view of treaty ratification as ”bizarre’‘.

Daily Mail
May 12, 2008
Disease ‘could push Burma toll to 1.5m’
…Mr Miliband said the decision to go ahead with the poll, despite the crisis was ‘bizarre’.

Daily Mail
March 26, 2008
Our troops deserve full inquiry on Iraq, say Tories
..But Foreign Secretary David Miliband said: ‘There is agreement that an inquiry into the Iraq war will be necessary.’ He added: ‘Given reports from Basra today, most people would see that as a bizarre choice of priority now. We say the right time to look at these issues and review the lessons learned is when our troops have finished their work in Iraq.’

Trust Guido on this, it will be denied, but Miliband was the cabinet minister…

"Hello is That the FSA?"

If Lloyds Bank’s Victor Blank was talking to Gordon Brown about take-over plans for HBOS at a cocktail party wasn’t he breaking the takeover code’s strict rules on secrecy? Shouldn’t somebody report them?
Yesterday the headlines said “Gordon Brown orders Lloyds takeover of HBOS”. Does Brown think he can order Lloyds shareholders to vote for the deal? This is a Class 1 transaction, shareholders will decide, not Gordon.

The FT agrees with Guido, is it now official government policy to have the regulators lie to the markets via the media? If the FSA itself is now lying and breaking the laws it is supposed to enforce, is there any point reporting law breakers?

+++ Despite Central Banks FTSE Closes at New Low +++

Despite a $180 billion coordinated global liquidity flood by central banks the FTSE still closed lower at 4,880. Huge blue chip U.S. investment bank Morgan Stanley is rumoured to be in trouble and is losing clients worried about the security of their deposits. A Chinese investment fund is a rumoured buyer…

Perils of Tripartite Regulation

A co-conspirator points out just how brilliantly the tripartite authorities (HM Treasury, Bank of England and the Financial Services Authority) are doing joint up regulation.
Commenting on the soundness of HBOS the FSA yesterday morning said it was:

“a well-capitalised bank that continues to fund its business in a satisfactory way”

Alistair Darling this morning:

Alistair Darling added that without the deal the outlook was “very bleak indeed…We were onto their (HBOS’s) problem for several weeks. It didn’t just suddenly happen…”

So who was lying?

The architecture of City regulation is a mess. The FSA is despised and nobody in the City respects it. The Bank of England has been undermined deliberately by Gordon because it was a threat to his authority. The FSA should change remit and look after exclusively retail customer’s interests and the Bank should keep an eye on the City and re-take control of the Debt Management Office. The Treasury and the Bank should swap staff regularly and be on friendly terms, with the Treasury executing political influence through the Bank. The Bank is closer to the markets than the Treasury and so it should be to inspire confidence in the City…

Newsnight Messed Up the Market Report Yet Again

Are they just doing this to wind Guido up? The Dow closed up some 1700% yesterday according to Newsnight. Do they use a monkey or a random number generator for their market reports? Every other night they screw up this simple report. They should just give up because wrong information is worse than no information. The Dow actually closed at 10,609.66 according to Sky News – a credible, reliable news source.

Cable Shows His Ignorance Again

The over-rated Vince Cable said yesterday that hedge fund managers have made money out of shorting bank shares because taxpayers and governments underwrite the banks. John Redwood (who incidentally is the only politician worth reading on financial matters) calls him on this piece of populist idiocy:

Could someone explain to Mr Cable that the last thing someone short of bank shares wants to happen is an announcement of official support for that bank. That puts the price of the shares up which means the Hedge Fund Managers shorting the shares lose money.

Doh!

The Greatest Capitalist versus the Geeks of Capitalism

As the enemies of capitalism declare the death of the greatest and most productive form of organisation that humanity has ever achieved, it seems appropriate to quote what Warren Buffet, the greatest capitalist of our age, warned about mortgage derivatives

[…]

+ READ MORE +



Tip offs: 0709 284 0531
team@Order-order.com

Quote of the Day

Jeremy Corbyn on today’s results:

“We hung on.”

Top Posts This Week

Guidogram: Sign up

Subscribe to the most succinct 7 days a week daily email read by thousands of Westminster insiders.

Facebook

LABOUR LEADERSHIP RIVALS RAKE IN HUGE DONATIONS LABOUR LEADERSHIP RIVALS RAKE IN HUGE DONATIONS
KEN: CREATION OF ISRAEL “FUNDAMENTALLY WRONG” KEN: CREATION OF ISRAEL “FUNDAMENTALLY WRONG”
MINISTER MEDIA MONITOR: SKY WINNING BATTLE OF PRODUCERS MINISTER MEDIA MONITOR: SKY WINNING BATTLE OF PRODUCERS
TAXPAYER FUNDING MORE PRO-EU ADVERTS TAXPAYER FUNDING MORE PRO-EU ADVERTS
ISTANBULSH*T: DAVE SAYS TURKEY EU MEMBERSHIP “NOT REMOTELY ON THE CARDS” ISTANBULSH*T: DAVE SAYS TURKEY EU MEMBERSHIP “NOT REMOTELY ON THE CARDS”
MILF FAN TORY CLAIMS “I WAS HACKED” MILF FAN TORY CLAIMS “I WAS HACKED”
TRUMP: BRITS BETTER OFF WITHOUT EU TRUMP: BRITS BETTER OFF WITHOUT EU
BOTTOMS UP! HUGH BONNEVILLE CELEBRATES STAGE SUCCESS BOTTOMS UP! HUGH BONNEVILLE CELEBRATES STAGE SUCCESS
NUTJOB PLAID CANDIDATE: UK CREATED ISIS NUTJOB PLAID CANDIDATE: UK CREATED ISIS
MEDIA MINISTER MONITOR: LEAVE WINNING AIR WAR MEDIA MINISTER MONITOR: LEAVE WINNING AIR WAR
CPS SAYS UP TO COPS TO PURSUE TORIES CPS SAYS UP TO COPS TO PURSUE TORIES
IPSO: COKE PROBABLY WAS SNORTED AT MOMENTUM PARTY IPSO: COKE PROBABLY WAS SNORTED AT MOMENTUM PARTY
PMQS SKETCH: Corbyn Withstands Heavy Shelling PMQS SKETCH: Corbyn Withstands Heavy Shelling
DECC: Please Think Before You Print DECC: Please Think Before You Print
TOP TORY COPPER IN MILF PORN SHOCKER TOP TORY COPPER IN MILF PORN SHOCKER
SHAPPS THROWS FELDMAN UNDER THE BATTLE BUS SHAPPS THROWS FELDMAN UNDER THE BATTLE BUS
CORBYN REFUSES TO WITHDRAW HAMAS “FRIENDS” COMMENT 4 TIMES CORBYN REFUSES TO WITHDRAW HAMAS “FRIENDS” COMMENT 4 TIMES
SADIQ: “I’M SORRY” FOR RACIAL SLUR AGAINST MODERATE MUSLIMS SADIQ: “I’M SORRY” FOR RACIAL SLUR AGAINST MODERATE MUSLIMS
TWO MORE LABOUR COUNCILLORS RANTED ABOUT “JEWS” TWO MORE LABOUR COUNCILLORS RANTED ABOUT “JEWS”
CRUZ QUITS, HITS WIFE CRUZ QUITS, HITS WIFE
KHAN CALLED MODERATE MUSLIMS “UNCLE TOMS” ON IRANIAN STATE TV KHAN CALLED MODERATE MUSLIMS “UNCLE TOMS” ON IRANIAN STATE TV
NAZ SHAH RESIGNS FROM HOME AFFAIRS SELECT COMMITTEE NAZ SHAH RESIGNS FROM HOME AFFAIRS SELECT COMMITTEE
HAMAS DISTANCE THEMSELVES FROM CORBYN HAMAS DISTANCE THEMSELVES FROM CORBYN
LABOUR COUNCILLOR DEFENDS COMPARING JEWS TO HITLER LABOUR COUNCILLOR DEFENDS COMPARING JEWS TO HITLER
TOP CORBYNISTA MP TWEETED ABOUT PUTTING ISRAEL IN MID-WEST OF AMERICA TOP CORBYNISTA MP TWEETED ABOUT PUTTING ISRAEL IN MID-WEST OF AMERICA
GOVE TOPS CONHOME POLL AGAIN GOVE TOPS CONHOME POLL AGAIN
UBER, BUT FOR BREXIT UBER, BUT FOR BREXIT
LABOUR’S BANK HOLIDAY TIMELINE LABOUR’S BANK HOLIDAY TIMELINE
THIRD LABOUR COUNCILLOR SUSPENDED OVER “HITLER” TWEET THIRD LABOUR COUNCILLOR SUSPENDED OVER “HITLER” TWEET
LABOUR COUNCILLOR: ISRAEL BEHIND ISIS, “ZIONIST JEWS ARE A DISGRACE TO HUMANITY” LABOUR COUNCILLOR: ISRAEL BEHIND ISIS, “ZIONIST JEWS ARE A DISGRACE TO HUMANITY”