...a blog by Richard Flowers

Wednesday, February 11, 2009

Day 2963: When Sorry is the EASIEST word to say


Oh, so the four senior bankers are "sorry" are they?

Not sorry for their business practices having got us into this mess, of course. Not sorry for their greed or megalomania. And certainly not sorry for all the innocent people who will lose their homes or their livelihoods because of the financial CHAOS that they have caused.

No, they're sorry that the "situation arose". Sorry for their shareholders. Sorry for themselves. Sorry that the value of all those shares that they should never have been given has fallen flat.

But not sorry enough to do anything about it, apparently.

Well "sorry" doesn't mean A SINGLE FLUFFY THING unless you put right the think you horlicksed up in the first place.

People say that there is a lot of BLAME to SPREAD around: why didn't the regulator stop them? Why didn't Mr Frown enforce the regulator? Why did Parliament make Mr Frown act? Why didn't all of us elect a better Parliament?

Well, BLAME doesn't work like that. It doesn't get LESS because someone else is also involved; it doesn't get THINNER the further you SPREAD it.

These people were SPECIFICALLY and PERSONALLY to blame for the harm this crash has done, and they personally benefited from doing that harm.

The punishment seems perfectly simple. They should be stripped of their assets. All of them. Let them live in Council Housing. And if there isn't Council Housing… well, these people were, apparently, community leaders. Let them see where they've LED!

As for their banks: we own the RBS now. We own the Northern Rock. We have a large chunk of the Lloyds/HBoS super-bank. They should all be broken up. Torn up. Take their assets, the physical buildings of their banks and their cash (formerly OUR cash) and split them into six hundred local banks, and then sell them to local councils or consortiums of local businessmen and unions. Have a local lottery and give away the shares to the winners. Apportion them by lot. Give them away to schoolchildren with a pint of milk; fluffy goodness knows schoolkids couldn't make a WORSE hash of running a bank.

Nobody above branch manager level would be needed anymore so they could all be SACKED. Save the billions in bonus payments and use that money instead to form a "rescue fund" to try and save as many people from losing their homes as possible.

You think I'm a bit CROSS? Of course I'm CROSS – there are times when THERE JUST AREN'T ENOUGH CAPITAL LETTERS!!!


These smug bas...bad-words have destroyed lives with reckless abandon for their own enrichment and aggrandizement (of the WORST "my bank's bigger than your bank, I bought ABM Amrose" kind). With names like "Fred the Shred" they've even been PROUD of it! And the HARSHEST punishment they can get is A MILD WIGGING from a panel of MPs.

And I'm FED UP of the Liberal Democrats being "just another political party". Shouldn't we be tearing up the system? SHOULDN'T we be ENRAGED!

Let's see something REALLY RADICAL for once. Let's see some Liberalism RED in Tooth and Claw... and TUSK and FLUFFY FOOT!



Costigan Quist said...

Try using more bold, large font sizes and red text. If all else fails, say it with scrolling, flashing text across the screen.

Millennium Dome said...

Duly done, Uncle Costigan

MM xx