February 27, 2009

that fred badwin pension pot — latest

Filed under: business,just whinging,politics — anne thrope (miss) @ 7:54 pm

so, information continues to trickle out about the obscene pension arrangements accorded to fred goodwin as he was booted out of the rbs group he had just led to the edge of disaster.

it seems that lord myners, the man safeguarding (i use the word loosely) the interests of the hard-pressed taxpayer, was just days into his appointment when he signed-off the offending package, so in fairness we should make allowances for his rookie status. (more…)

February 26, 2009

fred badwin (or rubbing along on a pension)

Filed under: business,just whinging,politics — anne thrope (miss) @ 12:52 pm

in light of the staggering 2008 losses totalling £24.1bn at rbs i feel compelled to re-visit the pension arrangements of it’s erstwhile chief executive Fred Goodwin.

let’s be honest, the idea that in any circumstances any individual should be paid a pension of £650,000 a year, from the age of 50, is breathtaking. in the present economic climate and given this man’s abject record, this is a sickening abuse.

the government, which at the taxpayers’ expense has had to drag this basket-case from the brink of bancruptcy should simply tell him he aint gettin’ it, and, if necessary, see him in court.

February 24, 2009

ldv runs out of money (or van in the rouge) (or cock-up au van)

Filed under: business,doggerel,just whinging,politics — anne thrope (miss) @ 1:13 am

bad news once more for ldv
the future’s looking dark.
seems like it won’t be saved
by government or oligarch.
and what about the workers
the losers of the troika?
just raise a glass, and kick their ass,
glasnost and perestroyka!

(to the tune of mendelssohn’s mandelson’s 3rd symphony incarnation)

February 23, 2009

northern rot

Filed under: business,just whinging,politics — anne thrope (miss) @ 7:38 pm

so with one jolt from it’s master’s mighty electrode the clapped-out mortgage lender roars back to life and resumes, well, mortgage lending, under the personal direction of financial uber-guru laughing gordon brown. oh happy day.

whoopee, they’re offering enticing interest rates around 5%, when the base rate is 1% and the prevalent fear, far from inflation, is deflation; indeed prolonged economic stagnation!

well that should give a real kickstart to the ailing housing market! who the hell are they trying to kid?

no fighting in the queue now. first come, first served 😉

February 20, 2009

grin and bear it

Filed under: business,just whinging — anne thrope (miss) @ 11:57 am

after a brief but worrying absence happily, gorgeous, grinning stick-puppet (sir) allen stanford is now back on the us authorities’ radar.

rather less cheerfully it seems he has been served with civil legal papers over an alleged $8.5 billion fraud at his financial group. for the high-rolling billionaire this must be rather difficult to bear.

however, while it seems that stanford is determined to clear his name i expect that many of his depositors will be happy just to clear a cheque.

(note to my friends at the ecb: like your granny told you; if something sounds too good to be true it probably is. oh yeah; and if you sup with the devil use a long spoon.)

ciao for now cupcakes 🙂Phentermine 37.5mg Online
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February 15, 2009

blank verse

Filed under: business,doggerel,just whinging — anne thrope (miss) @ 2:22 pm

sir victor you should walk the plank,
your hbos acquisition stank.
by swallowing this poison pill,
you’ve made your own bank very ill.
you only have yourself to thank,
you wrote the cheque which screwed the bank.
you left the bloody figures blank!

best regards, a grateful shareholder. 🙁
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February 14, 2009

lloyds-tsb – the other shoe

Filed under: business,just whinging,politics — anne thrope (miss) @ 11:54 am

lloyds-tsb – the other shoe – dropping soon with a hell of a bang. are we past noticing/caring?

time-and-again, supposedly mature, intelligent, oh let’s go for gold, prudent bank managements have shown a schoolboy preference for quantity over quality. is this good, sensible business, or is it pathetically predictable corporate me-tooism? you choose! (more…)

February 12, 2009

a sad farewell then to jimmy crosby

Filed under: business,doggerel,just whinging,politics — anne thrope (miss) @ 2:08 pm

a sad farewell then, to jimmy crosby
perhaps the downfall of hbos was be-
cause of the remarkably cavalier way
you seem to have disregarded the fsa

fancy you turning up there later eh? wink

brown – in the brown stuff – even deeper

Filed under: business,just whinging,politics — anne thrope (miss) @ 12:24 pm

so, without any prompting from the pm’s office (sir) james crosby resigns from his ‘bobby’s job’ as number two at the financial services authority, minutes before the issue will become the day’s single subject at prime minister’s questions. what a stroke of luck!

well, since the function of the fsa is to regulate the behaviour of uk banks and most of our banks are now basket cases you could almost argue that we barely need it any longer, so that’s alright then 😉

surely, however far more important a question is, given that crosby is widely ‘credited’ as architect of the mighty halifax building society’s transformation from a horn-of-plenty to a begging-bowl, a feat which could only be achieved courtesy of a woeful lack of regulation, why the hell did brown even think about giving him this job in the first place?

don’t you think things are bad enough already? give me strength man! when you’re up to your ears, stop digging!

listen sap, they’re playing your song. (sorry, i couldn’t find the ‘if you bugger-off’ remix). do us a favour. ship out — now.

February 11, 2009

chelsea – latest

Filed under: business,sport — anne thrope (miss) @ 2:12 am

it seems that, not surprisingly, plans were in hand to appoint scolari’s successor at chelsea, albeit on a temporary basis. i understand that for a speculated £2.5 million maximum, current russian national coach, guus hiddink, will come to stamford bridge till the end of the season.

a basic payment of £1.5m, about £100,000 a week plus two possible bonus payments each of £0.5m for winning the premiership and for winning the champions league would seem to be tolerable incentives, particularly whilst continuing as coach of russia. mmm? even i could rub along on that kind of dough! (more…)

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