Monday, 11 April 2011
What a wonderful thing it is to be in Financial Services. After being charged with securities fraud by the US Securities & Exchange Commission Goldman Sachs settled by paying a penalty of $550m. About as big a penalty as an ordinary mortal being fined 5p. They are not alone in pulling off this kind of 'punishment'. Nice work if you can get it.
The unelected President of the World is doing it again. Senior Lib Dems, Tories & Labour are all lining up to say that the News of The World scandal has no bearing on News Corp getting the rest of BSkyB. Some millions are to be paid, a few minions hung out to dry and all is well. Vince Cable stupidly spoke out against Murdoch & was thus 'unobjective' and had to have the decision taken away from him. Jeremy Hunt, who has spoken in favour of Murdoch, is given the decision. Editors of the Oxford English Dictionary take note. There is a new definition of 'impartial'.Meanwhile UKIP continues to delude itself that it is the EU that controls British Politics.