Saturday, March 14, 2009

Horsesh*t at Horsham

It wasn't a good omen when the gimmick for the hacks at the G20 finance meeting was muffins with the flags of the 20 (or is it 22) participating countries. From the meeting declaration (or rather the annex thereto, which is marginally more interesting) --

Firms [i.e. financial institutions] receiving support should continue to be run according to business principles ...


Government support is a privilege and must come with strong conditions,

Note the contradiction: the bailed out banks should be run as businesses, but the government gets to tell them what to do. Sixty suits in Sussex didn't resolve that problem.

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