MY BRAIN HURTS

Today, like most of us, my mind is occupied with thoughts of treacherous bankers and politicians.

Over the past five years the FSA repeatedly warned that the economy was dangerously overheating. As we now know Sir James Crosby head of HBOS was made aware of the dangers to his own bank by both the FSA and Paul Moore, the HBOS Head of Group Regulatory Risk. Did he take heed of the warnings? No, he sacked Paul Moore!

Prime Minister Gordon Brown said the Treasury was not made aware of the FSA's communications with HBOS. "There were probably 20 or 30 similar discussions going on with other institutions at the time," he said. Well that's alright then, so is this him admitting that he knew 20 or 30 other institutions had been warned too!!!

These unheeded warnings came to fruition, HBOS was one of the banks that had to be massively bailed out and Sir James Crosby resigned. We all said a collective “good riddance”. But hang on a minute – why did Gordon Brown then appoint him deputy chairman of City watchdog, the Financial Services Authority? Is there something I’m missing here?


And how can Gordon Brown possibly claim that this recession could not have been predicted? As I have said many times before, I’m just a simple woman trying to live my life honestly. I love my family, respect my colleagues and am very loyal to my Country. Even I predicted that this would happened.

As we speak the banks are still up to the same old tricks. The big banks are currently offering a raft of “Guaranteed” bonds. High interest, no income, no transparency and gobbledy-gook small print. Despite being advertised as “Guaranteed” the only guarantees they offer are minimum risk with maximum earnings to the bank and maximum risk with minimum earnings to the punter.

And while I’m ranting. How is this going to work?

Take a Country, any Country, with good citizens willing to place their lives and trust in the stewardship of their leaders. Watch these “leaders” rip the heart out of its economy until most businesses either have to implement severe cutbacks or go bust and unemployment spirals out of control putting the good people in fear of their very existence.

At the same time pile Pollyanna tax money into the already overpaid and overstaffed NHS, build new schools for illiterate, innumerate children to be taught by untalented, uninspired teachers, increase the already sickeningly high numbers of disheartened, demoralised and totally unhelpful public sector workers, council workers, Whitehall mandarins, dream up new harebrained Government backed schemes, government reviews, public awareness PC infomercials etc.

This silly old woman thinks “ummm? tax payers are getting a bit thin on the ground here, how are these mad schemes and top heavy public service sector jobs going to be funded?” As I say, maybe I’m missing something here.

And finally …. I smile because I don't know what the hell is going on.