Sunday, March 01, 2009

Left Gone Looney

I have no interest in defending former Royal Bank of Scotland CEO Fred Goodwin, former financial impresario who made one deal too far with purchase of ABN Amro and was forced to resign late last year.   The British government has had to inject over 20billion dollars into the bankIt has since turned out that Goodwin is due a 650,000 pound pension per annum for life.  He doesn't need it and may not deserve it but appears that he is contractually entitled to it.

This comment by Deputy Labour chief Harriet Harman is shocking and a good example of the core beliefs of the political Left:

"Sir Fred Goodwin should not count on being 650,000 pounds a year better off, because that's not going to happen," Harman told BBC's Andrew Marr show.

"The prime minister has said that it is not acceptable, and therefore it will not be accepted," she added.

"It may be enforceable in a court of law, this contract, but it is not enforceable in the court of public opinion. And that is where the government steps in."

So the government should be accountable to public opinion and not to the law or to property rights which lie at the bedrock of democracy??  This is rule by Jacobite mob.

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