But will Dave give George a bonus for this cock-up?

It's all t0o, too delicious!  I'm hugging my schadenfreude to me for warmth in this chilly weather.  Dave pontificates on how bankers' bonuses must be strictly controlled and more power given to shareholders.  Then George toddles along and gives the nod to a £1 million pat on the back to the chairman of RBS in which he and Dave are majority - by a long chalk - shareholders.  I reached snigger-factor ten!  As increasing amounts of smelly stuff hit sundry fans around Westminster, No. 10 came out with an utterly pathetic equivalent of 'it wasn't nuffink to do wiv me, honest, guv'.  Little Georgie was then winkled out later and tried to hide the fact that the board of RBS had sandbagged him.  Meanwhile all the goodie points earned by Dave over his gesture at the EU and his determination not to pay welfare recipients more than an average wage has vanished to be replaced by truculent bad feeling amongst the electorate.

Yes, I know that this particluar banker is not receiving a million in cash but only in shares at today's price which has dropped like a stone under his stewardship.  On the other hand, they are now so low that they can only go up, so he could be on an even bigger earner!  George demonstrates that, just like Dave and Clegg and Miliband, he has never run a business in his life.  Never had to meet a payroll, never had to sweat through a VAT return, never had to negotiate as a buyer or a seller, in fact, never had to anything really difficult in the real world.  Thus, the board of RBS had him over just by indicating that they might resign en bloc.  If he had even the tiniest of balls he would instantly have called their bluff.  He and his government have to convince the City fat cats that they mean business but now the only pussies on show are George and Dave.  They could have replaced the board inside a month and that, irrespective of whether it is right or wrong, would have played to fanfares with the electorate and made not an iota of difference to the bank.

For God's sake, if they can't even get the politics right what is the point of them?

 

Comments

[Whyaxye]

Dave & George are majority shareholders in the RBS, but the serious bit is that they only hold those shares on our account. It's our money!

This evening I heard Clegg joining in with the litany of excuses. Apparently the only line they had left for him was "Some bigger boys (i.e. Brown and Darling) did it and ran away".

[David Duff]

"It's our money!"

Thanks, 'W', I have been trying to avoid that thought all day!