Alistair McDarling has announced details of his master plan to save the banking sector.  He’s going to loan them 50% of the GDP of the UK. I kid you not.  The taxpayer is stumping up £50bn now for the eight biggest banks and building societies and another £200bn is being given to the Bank of England for [...]

Lehman Brothers, the third largest investment bank in the US, has gone bust. The US authorities refused to bail them out because Lehman hadn’t taken advantage of previous chances to sort themselves out. The word on the (Wall) street is that the regulators were making an example of Lehman to show American banks they aren’t [...]

I’m in the strange situation of feeling sorry for Alistair Darling.  Yes, he’s a fucking cretin.  Yes, he looks like like he’s got two caterpillars on his face.  Yes, he’s one of the English-hating jocks who signed the Scottish Claim of Right and then done what they can to make sure that England gets screwed [...]