Friday, January 16, 2009

Barclays Shares Down 25%

Most of the losses occurred in the last hour of trading. The City is awash with rumours as to why. With the Treasury looking at a second round of bank bail-outs it looks like the taxpayer is going to need a lot of lube for another big shafting. Admittedly it could just be an old-fashioned bear ambush now shorting financial stocks is permitted again…

*Guido covered his gilt short anyway, when fear grips the markets government bonds tend to rally. Will short gilts again later…

Friday Caption Competition

If They Have Nothing to Hide, They Have Nothing to Fear

Whatever your views as to the rights and wrongs of another runway at Heathrow, Guido can see no reason why it should not be discussed in parliament. John McDonnell’s constituency will be blighted by the project, schools will be closed, green acres will be lost, homes will be demolished.

These pictures of McDonnell picking up the mace were not originally* broadcast and have come out from the raw video feed – much to the annoyance of the parliamentary authorities. Why the parliamentary authorities think it is up to them to censor what the people see going on in their parliament is beyond Guido. They work for you, the workings of parliament are not for them to reveal when they choose, it is the right of the people in a democracy to see into the democratic forum. An open democracy does not hide its workings from the voters.

Elsewhere the parliamentary authorities are suppressing full disclosure of MPs expenses. Jacqui Smith has (without reference to parliament) given herself the right to read Guido’s email without a warrant, yet MPs in contrast are changing the Freedom of Information laws to allow them to obscure our view of their petty fiddles. There is no other credible explanation. They claim that it would be too expensive to account for all expenditure – try putting that on your tax return. Some MPs are taking it upon themselves to voluntarily publish ALL their expenses, some will not, draw your own conclusions. If they have done nothing wrong, they have nothing to hide…

*Guido stands corrected. It appears that the BBC has (online at least) put the video up. There was a row yersterday because under the terms of the contract drawn up by MPs the BBC is not supposed to broadcast this type of disruption.

Seen Elsewhere

Could UKIP Keep Britain in the EU? | Iain Martin
Why Piketty is Wrong | ConHome
Guido Whips Politicians Into Shape | Guardian
Milburn Levelling Down | Kathy Gyngell
Crosby and Carswell Make Friends at Guido’s Dinner | Mail
Mrs Danczuk Beats Mensch to Win Guido | Telegaph
PM Congratulates Blogger Who Destroyed Minister | Mail
UKIP’s Promise to Defectors | Alex Wickham
Juncker: No Compromise on EU Immigration | Telegraph
Labour’s Numbers Don’t Add Up | Left Foot Forward
LibDems’ Loss is UKIP’s Gain | Telegraph


VOTER-RECALL
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Chris Bryant talks to the Times Diary about a famous gay actor:

“I don’t think I’ve had sex with him. He says we had sex in Clapham. I’m fairly certain I’ve never had sex south of the river”



Mycroft says:

Have you read the last bit of Animal Farm?

You know where the animals are looking through the Farmhouse window?

My TV screen was that window at lunch-time today.

Be careful, the sudden self-congratulatory tone, the slightly pudgy outline of indulgence and you become exactly what you should despise.

The jolly face of the Quisling Cameron poses for your camera has mesmerised and deceived you, you who were once not so deceived.

You were no firebrand, you were a damp squib in my opinion, sorry.

You need a damned good kick up the ahse!


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