Sir Fred Goodwin
March 2nd, 2009
Dennis Howlett has a blog on the above topic under the title McCarthyism revista | AccMan.
I agree with him: a kangaroo court for Sir Fred is madness. The idea we might use parliamentary time to limit his pension is crazy.
For heaven’s sake - let’s get on and use the effort and anger to change the regulatory environment - to bring in tax rates that means those with high earnings pay their dues - to put effective sanctions on offshore - to require transparency in accounting - and so much more.
He’s a symbol of our failure.
Now let’s put the future right.
who’s failure? His bank suffered as a result of poor acquisitions, but you might argue that it was more the failure of Brown’s tripartate regulatory system. The pension thing was more directly attributable to Brown’s administration - interesting that Brown is using it as a smokescreen to cover up the magnitude of the latest bail out - you might almost think it was contrived!!!
Hats off to Dennis for standing up to the mob.