Tuesday, February 10, 2009

The Unspeakable In Pursuit Of The Unprincipled

This is an ex-dinosaur

Yesterday's Newsnight treated us to a stomach-churning sight. A slavering political dinosaur was released from his sleaze pit to savage a couple of sacrificial City fatcats who'd been tethered to a stake just like that goat in Jurassic Park.

Unfortunately, whereas the beast had once been a prime specimen of freeloading philandering Westminster thuggery, these days all that remains of Prezza is the freeloading, the obesity, and the overpowering stench of dissolution. He's hollowed out, and simply couldn't get his ancient dentures through the goat meat at all, even though Jezz had cut some of it up for him.

Still, not to worry - this morning another bunch of Westminster reptiles will be be given a go at another bunch of City fatcats. The disgraced ex-heads of HBOS and RBS will be lashed to portable racks and wheeled into the Treasury Select Committee for a bloodying. How delicious.

Well, don't hold your breath. The ex-bankers will have been scripted, coached, and clad in the finest Swiss armour. They will say "sorry about that, but how were we to know that the regulators were incompetent and the government was presiding over the biggest unsustainable debt bubble in history? We assumed they knew their business".

I'll blog the outcome later, along with some further comment on the whole bonus issue (see this blog).

Meanwhile, how are we supposed to stop ourselves vomiting over the carpet at statements like this:

"I think there is a moral responsibility on some of these bankers, even if they are legally entitled to take bonuses, at a time when the bank is only still standing because of government intervention and why I think there is an important issue of needing to restore trust in the city, senior executives need to take responsibility and consider whether they should be taking bonuses."

We know our politicos lose all contact with what most of us understand by morality, but HTF does expense-rinsing Yvette Cooper have the gall to lecture anyone about their moral responsibilities with respect to trough snuffling?

And don't get me started on Jacqs.

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