Millions of pounds of council tax and profits from property sales have been squirrelled away in Icelandic slush funds, despite the warning bells. Now, so-called cash-strapped councils and police authorities, are crying foul after Iceland refused to cough up their cash. Greedy councils have kept mum while shopping at Iceland.
Friday, October 10, 2008
Benn's Public Banks The Only Solution
Labour grandee, Tony Benn, has called on the government to put the banks into public ownership. Power has switched from parliament to the City. Brown's doomed £500 billion bank bail-out is the final straw.
Labels:
Benn,
Blair,
Brown,
Buiter,
Galbraith,
New Labour,
Parliament,
the City
The Unsinkable Gordon Brown
He's riding along on the crest of a wave. The unsinkable Gordon Brown better make the most of it. The Glenrothes Massacre is just around the corner. Will Vince Cable ride in to save the day for Labour?
Labels:
Balls,
Blair,
Brown,
Cable,
Cameron,
Conservatives,
Darling,
Ed Miliband,
Glenrothes,
Lib Dems,
New Labour,
Salmond,
SNP
Thursday, October 09, 2008
£500bn Bail-Out Won't Work For Us
An eye-watering £500 billion is being pumped into the UK banking system, interest rates cut by half a percent. Both measures prop up the banks. Neither will curb soaring inflation, rising unemployment or people struggling with insurmountable debt. These are measures for the City and by the City. As the banks sail off into the 'wild blue yonder', the legacy of this monumental bail-out will be with us for years to come.
Wednesday, October 08, 2008
Balls And Cooper Let Off The Hook
Brown's favourite cabinet couple, Ed Balls and wife Yvette Cooper have been let off the hook over their use of MPs' homes expenses and can continue to stick with their boss. Any whiff of fiddling expenses would have meant resignations all round, leaving Brown with few friends in the cabinet.
Brown Bails Out His Banking Buddies Again
More than £50 billion of taxpayers hard-earned cash is being pumped into the discredited banking system by Dithering Darling and Banksy Brown, along with £450 billion for bank borrowing and guarantees. What a couple of bankers.
Labels:
Bank of England,
BBC,
Brown,
Bush,
Darling,
Northern Rock,
Paulson
Tuesday, October 07, 2008
Dithering Darling Is Out Of His Depth
Darling sits on the horns of a dilemma. Does he nationalise the banks or face the dire consequences. Or does he pray for an economic miracle. What is becoming increasingly clear is that he's out of his depth.
Obama's The Loser In Down and Dirty Campaign
With much of the media fawning over Obama like a bunch of demented high school kids, the McCain campaign has finally come out fighting and Obama has fallen into the trap.
Sunday, October 05, 2008
Palin Digs Heels Into Obama's Terrorist Links
Disturbing revelations over Obama’s background and terrorist links have been brought out into the open, as part of McCain's campaign to expose weakness in his character and fitness for US president, as the race for the White House enters its final month.
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