City investment banks have sent the Treasury a £9m bill for advice on the financial crisis.
Four City investment banks have charged the Treasury at least £9m in fees for advising the Westminster government on how to stop the financial system from imploding. In addition UK Financial Investments, the body set up to handle the government's bailed-out bank share, spent £1.2m of taxpapyers' money in the first five months of operation. It is believed that most of the money was spent on salaries for the handful of officials who operate UKFI, which is designed to be at arm's length from the government although it uses rooms within the Treasury as its headquarters.
So there we have it. I expect you thought senior Treasury officials would be experienced enough to handle a financial crisis, but obviously they're not. Where do they get advice? From the very people who created the crisis. What was their advice? I don't know, but a pound to a penny every word of it ensured the bankers were protected from every angle.
Didn't I hear someone say Gordon Brown, all by himself, thought up the financial master plan to save the world? Now you know we paid for it - twice. Once to Treasury officials who do not have the financial skills and again to the bankers. You couldn't make it up.
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7 comments:
Oh come on, we all know that Cyclops can also walk on water and raise the dead. ;-)
Fido, for £9m I'm sure I could manage a few steps myself.
What's this you're telling me Subrosa. I though that those funny looking eyebrows that seem to be attatched to rather an nonentity had been largely responsible for the magical return to stability that someone (him probably) told me we made.
I thought he did it in concert with that wonderful looking guy , you know the one, your favourite uncle, except he seems to wear an awful lot of makeup (and that's dodgy in the case of an uncle).
And here you are telling me that, instead of cooking it up themselves, they got a carry out?
Shame on you Subrosa. As if that nice Labour Party would ever do anything like that..
This must be personally very embarrassing for you and I expect that Mr Gray will demand your resignation forthwith.
Awe Tris, have I disillusioned you now? To think you thought me a daft wee wumman sitting here lapping up every word Gordie and Ally say is a real fairytale. Mind you there are some...
I bet Ian Gray would be delighted if another thousand bloggers including myself would fall off our hobby horses. Thankfully we're made of strong stuff and have conviction. That's a word labour don't understand.
the sad thing is, is that the cycloptic myopic cunt actually believed the saved the world and thought we thought the same too..absolute cockwaffle from the one eyed wanker.
OB he still thinks we believe him, that's what is frightening.
Fidothedog,
If Gordon can raise the dead perhaps he could help Niko out as he seems to be having problems in a certain area.
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