I'm grateful to that chevalier d'industrie, Sir Fred Goodwin, for showing us who is really running this country. The elected government demands that he give back some (some, mind you) of the public money that he's rewarded himself for overseeing the biggest cock-up in the history of British money-grubbing. The good knight's response, "Away and keich!"
The British people are now in possession of this heap of debt, as they own over 80% of the shares. But here's the best part, they are non-voting shares. So the people saddled with this massive burden will not be able to do anything to stop the board members from continuing to award themselves big pay rises and juicy bonuses.
Isn't capitalism wonderful?
Thursday, February 26, 2009
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