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

NUT’s Loony Defence of Status Quo | Jago Pearson
A Dozen Reasons to Be Cheerful | John McTernan
Political Bloggers Are Equal Opportunities Attackers | ConHome
Michael Gove Should Resign | Conservative Women
Sarah Wollaston’s Naming and Shaming of Bloggers | LibDemVoice
Fraser Nelson: Put Your Money on Ed Miliband to Win | Guardian
Guido Fawkes is Too Aggressive | The Times
Ditch Tobacco Plain Packaging | Grassroots Conservatives
What Farage, Boris and Rob Ford Have in Common | William Walter
Labour Spell New Adviser’s Name Wrong | ITV
Dave Stung by Jellyfish | Sun


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Rod Liddle on the loony UN sexism special rapporteur:

“There is more sexism in Britain than in any other country in the world, according to a mad woman who has been sent here by the United Nations.

Rashida Manjoo is a part-time professor of law at Cape Town University in the totally non-sexist country of South Africa (otherwise known as Rape Capital Of The World).

Mrs Magoo has been wandering around with her notebook and is appalled by the sexist “boys’ club” culture here, apparently.

I don’t doubt we still have sexism in the UK. But is it worse than in, say, Saudi Arabia, d’you think, honey-lamb? Or about 175 other countries? Get a grip, you doolally old bat.”



orkneylad says:

What’s he been doing FFS, mining bitcoins?


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