Tuesday, January 15, 2008
Forgive me, but, as a nation, is there any good reason why we should not tell the hedge funds RAB Capital and SRM Global to go and boil their heads? They filled their boots with Northern Rock after the crash and now they're doing a little agitprop among the shareholders. I use the word 'agitprop' advisedly because, as I have said before, the sudden belief in the financial community that the state should underwrite all shareholder risks is communism. As far as I can see, the shareholders have no special rights. They punted and lost. Of course, none of this would be happening if Gordon Brown could overcome his lifelong habit of indecision. But he can't.
Posted by Bryan Appleyard at 3:02 pm