Tuesday, 31 January 2012
So Fred the Shred is no longer the possessor of an ermine cloak and has been returned to the masses with the simple title of Mr.
Although the MSM has been making much of his fall from grace, it matters not a jot whether he has a title or not. It's completely irrelevant, although politicians will be hoping this action somehow penalises the worst banker in British history.
What does matter is that, along with his cohorts, he still has his ill-gotten gains in his bank account and gains £2,000 a day in pension rights.
What also matters is that he has the financial clout to insist that text criticising his lack of experience in banking was removed from the FSA's 450 page report last month.
The British honours system is no longer a suitable platform on which to recognise those who make remarkable contributions to society . The nominations are mainly political and reflect little about the real heroes who keep the wheels of society oiled with their hard work. For some years I've worked for various voluntary charities, only to notice grassroots workers are ignored while the charity bosses receive the plaudits. Few people volunteer in order to receive thanks, but when they see the credits going to the people at the top, it can be irritating.
What would have been news today is that somehow Mr Goodwin had been forced to forfeit part or all of his vast pension. Wouldn't it?