I have written extensive nonsense on this blog about how the UK government made a mess of the banking crisis and how brown and darling compounded the errors of Fred Goodwin. Capitals for those with the Brains and lower case for those puppets.
These people I've possibly been harsh about. They were pathetic clowns in a game that they lost. I still believe they had a culpaple role in that game. They sought an office they couldn't be more ill equipped to handle. They could've asked 300,000 people for advice who would've advised them better. Sadly they didn't.
When you look back to the situation where world pay was removed from the RBS everyone I knew in the city thought it a scandal.
The infamous £20bn art heist from Barnes, the 1920's Philadelphian art owner reminds me that what we own can be removed. It can take time but there are ways.
WorldPay was one of the winners as the dot com era separated the wheat from the chaff.
How much Mandy influenced the circumstances to ensure a sale will never be known. Why would anyone in the EC say I was coerced. I was the one who voted for making sure it was a condition of sale.
It was a fire sale Brown and Darling probably became complicit. They were under terrible pressure following their stupidity I wrote about way back in the day.
One day you hope the truth prevails but I know only one thing. They know they truth and live happily with it.
In numbers Worldpay was sold for £2bn when it was worth £4bn.
10 years later it was sold for $43bn and after some asset stripping and another 7 years, it was sold for $23bn.
The bail out shares are often quoted as of the "government", our shares, we the tax payers shares. They were ours, we paid increased taxes because of it. Just like COVID we've had an austerity that we are supposed to grin and bear. Some of us didn't return from those wars. We never even knew we were in a war. It was an economic war. We were electing politicians but it was the unelected ones who were running the show.
They quietly did their job in the background. Their job was to be a sleeper. A sleeper for a financial power not for a foreign state.
They succeeded and we lost. Sometimes you just have to get over it.
When the current UK government finally agreed to release the cash to the miners pensioners I laughed.
They're all dead so now the only beneficiaries will be paying 40%-50% tax on this money that was part of the, was it £20bn?, held back pending some nonsense.
Hats off. I'll give you the £20bn on the basis I get £10bn back. How funny is this as a way to increase the projected tax take this year and into the future.
No comments:
Post a Comment