Fred’s Smackdown to Myners

Guido can’t help thinking that the row over Fred’s £8 million pension is a contrived bit of spin to distract headlines away from the £300 billion bet that HM Treasury is taking on RBS. Frankly Fred’s £8 / £16 million is neither here nor there in comparison to what the government is committing the taxpayer to underwriting. If this goes pear shaped Iceland will be nothing in comparison.


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Quote of the Day

Ken Livingstone deployed a corker on TalkRadio this afternoon…
“I joined the Labour Party 50 years ago this month and in all that time I have never heard a single anti-semitic comment.”

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