September 18th, 2008

"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?


Seen Elsewhere

How Avoidable Scandals Destroy Stupid Politicians | Alex Wickham
UKIP Mosque Confusion | The Week
Let’s Ban the Word Internet | Padraig Reidy
Are the Broadcasters Ready For the Election? | Specccie
Moral Bankruptcy of the BBC | David Keighley
UKIP’s ‘Starsky and Hutch’ | Total Politics
Innocent Sun Journo Just Doing Her Job | Sun
Boris Sent Up North | Times
The Only Way to Mend the EU | Leo McKinstry
Northern Labour Tearing Party Apart | David Aaronovitch
Osborne is Son of Brown | Peter Oborne


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Tony Blair threatens Ed:

“If you had a strong political lead that was combining the politics of aspiration with the politics of compassion, I still think that’s where you could get a substantial majority…  If I ever do an interview on [the state of the Labour Party], it will have to be at length…”



Left on Left says:

The lefties are attacking because the panellist is a millionaire and lives in a London home worth upwards of two million. Someone had best tell them he’s called Ed Miliband.


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