Money and debt

Sir Fred Goodwin, the former chief executive of Royal Bank of Scotland claimed last night that Lord Myners, who is a close ally of Gordon Brown (and Minister for the City), personally agreed an £8m increase in the pension pot of Sir Fred Goodwin when he stood down last October. The banker, who is determined not to give up any of the money, wrote to Lord Myners yesterday complaining about government attacks on the £693,000 annual pension he is receiving from RBS, saying that the Financial...Read Full Story

Lord Myners was appointed to oversee the British Government’s bank bailout. The following clips from news stories here in the UK and around the world expose the greed of the bankers and the incompetence of the Government. Lord Myners in fancy dress This post focuses on the Royal Bank Of Scotland farce in particular and the players involved in what should only be described as a fraud against the British taxpayer. Ananova.com had this to say: Minister Branded ‘Pathetic’ In RBS Rescue...Read Full Story

Liberal Democrat Shadow Chancellor, Vince Cable has written to Alistair Darling asking that he stop any further pension payments to Sir Fred Goodwin. It follows a whistleblower account of corporate waste and greed at the RBS revealed by the Liberal Democrats. The anonymous account of behind-the-scenes activities at RBS reveals a culture of extravagance and greed, including the multi-million pound refurbishment of a building for Sir Fred Goodwin’s hospitality use, £1,000-a roll wallpaper and...Read Full Story

Sir Fred Goodwin RBS chief refuses to reduce his pension I wanted to wait until today to see how this story worked out in the press and now it looks like, according to the newspaper reports; the axed RBS Chief Sir Fred Goodwin has refused to hand back any of his £693,000 anual pension. In a letter goodwin wrote he said; “The amount which I am due to receive as a pension continues to be calculated in a manner consistent with prior years. Whilst I suspect that you will not now agree with it...Read Full Story

Browse > Home / Let's Be Cynical / Of Storms In A Tea Cup: Taking The Public For A Ride March 1, 2009 I find it hilarious - in a sick, twisted sort of way - how the British government is taking the public for a ride by distracting attention from its appalling handling of the current financial crisis and stirring one storm in a tea cup after another in order to avoid being torn to shreds by its critics.Take the current ‘row’ surrounding the nearly 700 grand a year pension...Read Full Story