Saturday, May 16, 2009

The banking scandal in microcosm

We don't think I've seen anyone yet draw the stark parallel with New Labours "nod and wink" relationship with some of the more conniving turncoats of the City and financial services industry, and what went on at Westminster. Talk about a mess of pottage.

Looked at overall, we can see the familiar pattern of trough-diving socialism of the type that has always rotted through any socialist administration. Sly deals being done with the purse keepers - and the comforting group excuse and belief that "they're all at it anyway".

The worst of this is the revelation that we have allowed our nation and its sovereignty to be taken to the brink of the economic and political abyss by a collection of least desirable white-collar criminals ever to walk the streets. What else have they got wrong and done wrong in pursuit of personal agendas?

However, someone has to stand up and call a halt to the fun in order to resume the struggle with the monster of Brown's slump - but now it clearly cannot be Broon or any of his trough-diving colleagues.

Blair was left the Clark/Major legacy of contained inflation as a basis for future growth which it now seems was squandered on wide boys and girls of the Scottish financial services industry to help fuel the fantasy property-lead boom that provided taxes to fuel the fantasy welfare state - but just what on earth is Brown leaving to his successor?

A shoebox stuffed full of worthless IOUs.

No comments: