Evil Short Sellers Part II

The hysteria against short-selling of shares is as crazy as was the political hysteria against long-buying of oil. Every trade has to have a buyer and a seller, how else could a market function? Nevertheless journalists didn’t take long to figure out that they could compare the FSA register of declared short sellers against the Electoral Commission’s register of donors.
Lib Dem Lord Oakeshott is up in arms as a result about the Tories taking money from people who buy and sell stocks. Before he says something he regrets he should have a word with one of the party’s biggest donors, Paul Marshall who is worth some £300m. Marshall also funds CentreForum, the orange tinged think-tank. His donations are well into seven-figures.

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…

Hodge Quitting as Minister

Tim Walker is reporting in The Telegraph that Margaret Hodge, the Blairite culture minister and friend of Tony has had enough and will be standing down as a minister from Brown’s cabinet in the next re-shuffle.

Another day another Blairite departs.

Somebody wake McBride and tell him…

What Kind of Liberal Waters the Beer?

How they can describe themselves as “liberal” sometimes baffles Guido. Responding to Nick Clegg’s announcement today that the LibDems will support a minimum price on the sale of alcohol, Progressive Vision – the properly liberal think tank run by Mark Littlewood, ex-head of spin for the LibDems – has rightly called the proposals “nannying, patronising and regressive”.

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…

Brum Business

Guido hasn’t booked a bed in Brum – any good recommendations? Preferably within falling down distance of the epicentre. Ended up staying in between a brothel and a lap-dancing joint last year in Blackpool. Didn’t say it was a complete disaster…

UPDATE 14.00 Saturday : Have managed to find somewhere 4 star for less than £200 a night. Mal Maison still has rooms at £440 available, which is more than Guido paid to stay at the Carlton in Cannes, where the food and views are (Guido suspects) slightly better than in Brum. Many thanks for the suggestions.

Friday Caption Contest (Clegg Crime Caught on Camera edition)

He Who Pays the Piper….

The Senate Banking Committee is the ultimate legislative oversight for U.S. financial regulation. The members of the committee have almost all had donations from Freddie Mac and Fannie Mae. Now they are to decide on bail-out terms?

Incidentally Guido bailed out of all his speculative positions in the early hours of Wednesday morning when it hit the wires that Warren Buffet was taking a $5 billion stake in Goldmans, given his reputation Guido felt Buffet might single-handedly turn market sentiment. That combined with the impossibility of predicting how and when the politicians would go made the markets too random for Guido. Baby Fawkes is unwell and between the 24/7 currency markets and her, the lack of sleep was too draining.

Hat-tip : LFAT

Tory Site Makeover Goes Live

The look and feel is bang up to date with an Obamaesque “It’s time for change” slogan with a wall of Tory talking head videos. Under the hood is more regionalisation, uploading facilities for user generated content and single-issue campaigning. The blue blog is live and Dave is doing his chatty engagement thing…

Something that the Lobby Didn’t Tell You

The gentlemen of the Lobby have kept pretty schtum about the drink fuelled circumstances of the Ruth Kelly briefing by Damian McBride at at 3 a.m during Labour Party conference. Danny Finkelstein is alluding to it indirectly.

Guido understands that the PM’s Spokesman had a bottle of beer in his hand during the briefing. Your taxes at work….

Enemy of State

The news that Derek Draper is organising a rapid rebuttal operation to combat bloggers does not exactly have Guido quaking in fear.

“PR Week can reveal that the Labour Party is exploring plans for an online rapid rebuttal unit, designed

[…]

+ READ MORE +

"The Plan"

Last night Guido infiltrated a gathering of a clique of wonks determined to take over Britain and implement what they call The Plan“. Dan Hannan MEP and Douglas Carswell MP are the authors of The Plan“.

[…]

+ READ MORE +

Flashback : The Hubris of Sion Simon

It was a year ago today that Sion published this article in the New Statesman.

We Cannot Be Killed
‘Shortly there will be an election, in which Labour will increase its majority’

As Tories confidently prepare for their conference

[…]

+ READ MORE +

Boulton to Brown : "Do You Think You Owe Osborne An Apology?"

[…]

+ READ MORE +



Tip offs: 0709 284 0531
team@Order-order.com

Quote of the Day

Out of the bubble prole Andy Burnham tells Mumsnet

“I’m afraid I’m going to depress you all by saying that I don’t have a sweet tooth and don’t eat biscuits… Give me a beer and chips and gravy any day.”

Top Posts This Week

Guidogram: Sign up

Subscribe to the most succinct 7 days a week daily email read by thousands of Westminster insiders.

Facebook

How Diane Remembers Jezza How Diane Remembers Jezza
Abby Turns Fandy Abby Turns Fandy
Just Good Comrades? Just Good Comrades?
ENERGY MINISTER TOTTY WATCH: LAS VEGAS EDITION ENERGY MINISTER TOTTY WATCH: LAS VEGAS EDITION
DIANE ABBOTT FORGETS SHE DIDN’T THINK CORBYN COULD WIN DIANE ABBOTT FORGETS SHE DIDN’T THINK CORBYN COULD WIN
NATWEST’S ONLINE BANKING CRASHES ON PAYDAY NATWEST’S ONLINE BANKING CRASHES ON PAYDAY

OWEN JONES: LIE-RA OWEN JONES: LIE-RA
GMB UNION SUE UBER GMB UNION SUE UBER
Who Will Be UKIP’s Mayoral Candidate? Who Will Be UKIP’s Mayoral Candidate?
Meanwhile, in Venezuela… Meanwhile, in Venezuela…
TWITTER EMPLOYEES JUMP FROM SINKING SHIP TWITTER EMPLOYEES JUMP FROM SINKING SHIP
Times Trolls Burnham Times Trolls Burnham
CHAMPAGNE SOCIALISTS BACK CORBYN CHAMPAGNE SOCIALISTS BACK CORBYN
SINN FEIN SHOULD “TAKE INSPIRATION” FROM ARMED UPRISING SINN FEIN SHOULD “TAKE INSPIRATION” FROM ARMED UPRISING
ALL CHANGE AT GREEN PARTY HQ ALL CHANGE AT GREEN PARTY HQ
I Can’t Believe He’s Not Tory! I Can’t Believe He’s Not Tory!
UBER DESTROYING RACIST TAXI INDUSTRY UBER DESTROYING RACIST TAXI INDUSTRY
Could Labour Fall Apart Under Corbyn? Could Labour Fall Apart Under Corbyn?
Hilarious Prankster Hilarious Prankster
GREENPEACE LIVID GREENPEACE LIVID
Did Labour Leadership Candidates Smoke Dope? Did Labour Leadership Candidates Smoke Dope?
Another Andy Flip Flop Another Andy Flip Flop
Clegg Whores Himself Out Clegg Whores Himself Out
RETURN OF THE FRACKERS, CUADRILLA TO APPEAL RETURN OF THE FRACKERS, CUADRILLA TO APPEAL
FLASHBACK: TORY WHIP ON SCANDAL INVOLVING “SMALL BOYS” FLASHBACK: TORY WHIP ON SCANDAL INVOLVING “SMALL BOYS”
“Owen Jones is the 1%” “Owen Jones is the 1%”
Jedward Told to “F**k Off” By Indy Staff Jedward Told to “F**k Off” By Indy Staff
CLIMATE LOBBY DRAFT ARNIE CLIMATE LOBBY DRAFT ARNIE
MOD FORCED TO FIGHT RUSSIAN AGGRESSION… WITH TWEETDECK MOD FORCED TO FIGHT RUSSIAN AGGRESSION… WITH TWEETDECK