Friday, February 13, 2009
Well, well, another bank has utterly screwed things up and found it has lost several billion more than it thought it had lost. Who are these people? What are they for? I think I can answer that last question - they exist to come up with words like 'impairments' and 'market dislocation'. Brilliant, they actually sound as though they mean something more than cock-ups and vertiginous plummet. It's worth noting the comments on Alphaville. One says Alan Johnson will be Prime Minister in two weeks. Why? Because 'Someone within the Lloyds Bank Organisation must have email evidence of undue government pressure forcing Lloyds to skip due diligence and hitch itself to a corpse.' Pretty credible that.
Posted by Bryan Appleyard at 5:20 pm