What I suppose American and Aussie Sloggers would call brass
balls, over here we call brass neck – or, more informally, “A fucking
nerve”. Tonight’s episode of How they’re screwing us over And they don’t Care if we know It
takes a selection of news that arrived here in Slogger’s Roost during
the day – via email, phone, the MSM, websites, one fairly eminent
blogger, and three Sloggers.
First up I think has to be the piece in today’s Daily Telegraph,
recording the fact that apparently, Sir Nigel Rudd, a former director
of Barclays, has accused the Treasury Select Committee (TSC) of
attacking the integrity of Bob Diamond, the bank’s former chief
executive. Well now, you see the thing with Robert E. Diamond’s
integrity is that it is damned difficult to attack, on the grounds that
it is sub-atomic in size, and thus invisible to everything bigger than a
God particle.
Diamond Bob is a man of whom it has been said many times, and very
frequently indeed by the judiciary and umpteen committees on both sides
of the Pond. During the Lehman takeover post mortem, a senior New York
Judge referred to him as “an evasive, untrustworthy man who needs a
tight leash at all times”. In a similar vein, a 121-page report into the
scandal that saw Barclays fined a record £290m earlier this year said
Mr Diamond’s evidence to Parliament “lacked candour” and was
“unforthcoming”. MPs also decided the former Barclays boss had been
“highly selective” with his evidence and described his version of events
as “inconceivable”.
So we can see that Bob is a widely misunderstood man. In front of the
TSC, for example, Robert the Spruce asked us all to believe that he had
given an instruction to his Number Two, and this apparatchik had
misunderstood him misspeakingly saying, “Drop down the Libor rate more
than we’re doing already”. Bob says he told his chum “Go down on the
Limorator” or something, and you know what? For three whole years
afterwards – seeing each other 300+ days a year – they never discussed
it again. Incredible.
Anyway, Sir Nigel says the committee “did not provide sufficient
evidence to support its suggestion that Diamond misled parliament in his
testimony about the Libor scandal”. From my vantage point, I have to
say that Wee Bobby provided sufficient evidence of blatant wriggliness
to warrant having his collar felt by the London Serious Fraud Office
two minutes after he left the safety of Parliament, but what do I know?
Only that, I suspect, ‘Sir’ Nigel Rudd is a man with whom close contact
might require the enumeration of hand digits afterwards.
This next one comes from a Slogger, and isn’t the first time this
exact episode has been relayed to me. His testimony runs like this: (my
italics)
‘The other day I had a statement from a UK bank which seemed long
overdue. Actually , it documented the closing of the account, dormant
for some years and the transfer of a few hundred pounds to another
branch of the same bank. The envelope was overstamped in large letters,
and I quote: “Do not surcharge: correct postage raised by revenue protection: treat as first class”‘.
What this means is that the HMRC (those fine men who make the IRS
look like the Salvation Army) had opened the letter just to check that
this man wasn’t stealing anything from them. As in, stealing something
that was never theirs in the first place, but which can be demanded
from said individual in order to correct mistakes as committed by the
likes of much-misunderstood investment bankers such as Diamond Bob, and
cerebrally challenged politicians who sprayed these idiots wiht our
money….and then wondered why they’d run out of the stuff. As a result of
this, they now need to collect more off us than before, and give us
less – in some cases 100% less – in the way of services supplied. By
them. To us. For whom they work. So they say.
But what about ‘revenue protection‘ eh – doncha love it?
“These 464 cameras are here purely for your protection”. On and on the
stream of bollocks runs, spewing from an over-active, infinite eruption
of mendacious incompetence.
This year, of course, the Olympic Torch of bollocks has gone back to
its homeland (newly claimed by Recep Erdogan of Turkey), the Hellenic
Republic of Greece. Der Spiegel reported yesterday that the Greeks will
need to cut an additional €2.5 billion in spending over the next two
years to meet demands made by the dreaded Troika, the trio of Brass
Bollocks who earlier this year forced Athens to sign up to a deal that (as predicted here) could only make the country’s sovereign debt deeper.
Citing an interim report by the troika of European Commission,
European Central Bank and International Monetary Fund, Der Spiegel said
Greece would need €14 billion over the next two years to get its deficit
below 3% by the end of 2014, up from a previously expected 11.5
billion. Prime Minister Antonis Samaras will meet the leaders of both
France and Germany this coming weel, rounding off his whistle-stop tour
by enjoying a cosy session with Angela Merkel in Berlin on Friday.
I suppose he could always casually remind both her and Francois
Hollande that, had it not been for a €150bn arms order for Franco-German
arms (that she and Hollande’s sleazy predecessor Nicolas Sarkozy
refused to cancel) Greece would still be solvent. But then that would be
ill-mannered, would it not?
But one thing even the EU’s Brussels Necks will find hard to wriggle
out of is this: there is a clause in Greece’s €130bn bailout deal that
says the deficit adjustment period could be extended if its recession is
deeper than expected. Given that the recession is a good 30% deeper
than the IMF’s forecast, Samaras reall has nothing to negotiate about:
he has the brass necks by the balls. But like almost everyone in the
Greek elite, the Prime Minister would rather do anything than stem the flow of gravy heading south from Berlin.
It promises to be a lively week.
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