03 December 2009

Headline of the day

From The Independent (here):
RBS board may quit if £1.5bn bonus plan is vetoed

Well, Alistair? Are you a man or a mouse? This is your chance to demonstrate that the government will not always lie down and beg in front of the bankers. OK, the RBS board might resign but I doubt it. And even if they did, it's not as though they could not be replaced.

In any case, we taxpayers are about to own 84% of RBS. Might as well go the whole hog and natinalise the whole shebang.

1 comment:

Anonymous said...

Can you imagine the uproar if the managing board of a public sector organisation made such a threat? I say sack the RBS Board and put in another bunch of bankers.