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

Paper Trail Suggests Ashcroft Still Funding Tories | Indy
Bradford Bun Fight Coming | Speccie
Former Minister’s Join ‘Canberra Caterer’ Outcry | The Times
Stop Bercow | The Times
Speaker Cornered | Times
Britain’s Beheaders | Speccie
‘Underclass’ Is Dave’s Fault | Conservative Women
Civil Liberties/Privacy NGO Hires New CEO | Big Brother Watch
Why I Won’t Join UKIP | Dan Hannan
Who Will Stand Up for the Christians? | Ron Lauder
Labour Swing Extends Deep into Tory Seats | Lord Ashcroft


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Westbourne-Change-Opinion hot-button


Lord Glasman tells it like it is:

“The first thing is to acknowledge that Labour has been captured by a kind of aggressive public sector morality which is concerned with the individual and the collective but doesn’t understand relationships.”



Owen Jones says:

We also need Zil lanes.


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