Friday, 7 August 2009

City financiers to get their hands on £50billion while Armed Forces face budget cuts

We learn today that the government is going to shovel another £50billion into the vaults of the high street banks. This is so that City financiers and their accountants will have the funds available to pay themselves obscene bonuses.

That £50billion would buy quite a few Sikorskys and Ridgbacks is of no concern to our political elite.

It is often the case that ministers, in their final days of power, seek to please the boards of banks and other financial institutions so that they'll stand a better chance of being offered lucrative directorships after they are kicked out of office.