Friday, 18 September 2009

Comedy Headline of the Day (only it's not at all funny)

"Lloyds TSB fails FSA Stress Test"
If ever there was a case of the blind leading the semi-defunct, this is it.
We have one failed (as predicted by me) quango passing technical judgement on a failed bank (I've been a bear of bank shares since ooooo 2000/2002). I mean, really, you couldn't make it up could you.
(NB The first FSA stupidity with 'stress tests' was to force Standard Life to sell £17Bn of equities at exactly the wrong time, and on which crass cluelessness the admirable Scott Bell resigned)
FSA = Wankers
Lloyds TSB = Crooks.
PS No posts for a long time 'cos I've been sick. L.