Monday, 18 January 2010

Billy Bragg Tax Protest

Just signed up with Billy Bragg's tax protest on Facebook. Here. Feel a bit of a prat for doing so really. I mean, he's right that RBS shouldn't be paying bonuses, but he's got it arse about face as to why they are.
Thing is, Billy old son, the first mistake New Labour made was to bail them out in the first place. There were a number of other routes that could have been taken to make the banks including RBS liquid again. Debt for equity swaps for example. Secondly having bailed out all these banks New Labour have created a cartel. And what do cartels do? Exploit their customers and everyone else. So paying out mega bonuses was always on the cards.
Now I agree that Brown Darling could stop all this but since they've made a complete fist of 'running the economy' (by the way 'running the economy' is the usual lefty delusion, economies run themselves pretty well if left to get on with it) what makes you or anyone else think that they could 'run' the banks? Quite.

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