Still it is not all bad news,* Gordon’s favourite financier Paul Myners and appointee as chairman of the Low Pay Commission, is doing well. The massive hedge fund of which he is a director, GLG, had the biggest short in the market in Bradford and Bingley. Peter Oborne points out that Ronnie Cohen, “Gordon’s private banker” and a huge Labour Party donor, has just set up a new hedge fund to take advantage of the market situation. Good to see some people doing well out of the misery and mayhem…
*You won’t read this news in the Guardian. Paul Myners is the chairman of Guardian Media Group.
Spotted: Tim Montgomerie and Nadine Dorries sharing a lap-top.
Bell Pottiinger party: we-left-Labour-for-the-Tories to pour champagne down their throats. Not a shadow cabinet member to be seen…
Guido looking gutted, despite being bearish, decides to take time out from the market. Market collapses.
Derek Tullet has also given huge amounts of money to the Labour Party. Tullet’s broking firm specialises in servicing hedge funds who want to go short stocks and derivatives.
Gilad Hayeem of the Lehman Brothers backed $2 billion hedge fund, Marble Bar Asset Management (Cayman), contributed to Hilary Benn’s deputy leadership campaign.
There are plenty more “evil speculators” who have backed the Labour Party. Just in case you are wondering why Labour is silent…
He is half of Marshall-Wace, hedge fund managers, who are evil speculators who, whisper it softly, short shares! In fact they have a reputation amongst City brokers for having a particularly high churn. Just as well given the hundreds of thousands of Marshall’s profits that have ended up in the LibDem’s coffers.
The Labour Party as well as individual politicians like Hilary Benn have also pocketed plenty of money from hedgies. Let he who is without shorter’s profits throw the first regulation…
Another day another Blairite departs.
Somebody wake McBride and tell him…
In the press release, sent by Littlewood, Progressive Vision says “If Nick Clegg wants to stop supermarkets providing low-price alcohol, will he also clamp down on events at LibDem conferences providing free alcohol as an inducement for LibDem activists to attend? If he is so concerned about cheap booze causing binge-drinking, free booze must be even more of a worry.”
Quite, imagine the dangers of boozed up LibDem MPs going on violent rampages…
Reeves Red-Faced After Pension Gaffe | Sun
Band’s Fury at Song Being Used at Labour Conference | Buzzfeed
Rachel Reeves’ Pension Howler | Mail
UKIP Propose 90% Cut in Overseas Aid | Breitbart
Ed Milibaaaand | Sun
Ed Miliband Phrase Generator | Guardian
Blair Right About ISIS | Jago Pearson
Miliband Will Be Prime Minister By Default | Alex Wickham
Labout Have Learned Nothing | Jeremy Warner
How Cameron Can Return to No. 10 | Telegraph
Balls Speech Was Mush | FT
Before Miliband spoke, a school choir sang ‘Fix You’ by Coldplay. The first verse of which goes like this:
“When you try your best, but you don’t succeed
When you get what you want, but not what you need
When you feel so tired, but you can’t sleep
Stuck in reverse”