Friday, October 10, 2008
1)Gordon Brown's obvious glee is one of the more alarming aspects of the crisis. Now his rescue scheme - not a patch on mine - is being embraced as the best plan for the world and definitely superior to that of the curiously thick-necked 'Hank' Paulson. Brown's survival as leader suddenly seems to be a fait accompli. The danger now is that he will win the next election. We must in these troublous times have the courage to think the unthinkable.
2)The Guardian quotes a fund manager - 'If one bank holds down pay, then staff will leave and go to one that doesn't. And if London become badly paid then there will be an exodus to Mumbai, Shanghai and Dubai.'
So, let's be clear, if we pay bankers less they'll emigrate to various cities ending in 'ai'. Sounds like win-win to me.
Posted by Bryan Appleyard at 5:36 am