Wednesday, March 25, 2009

Fred Goodwin

Windows were smashed overnight at the Edinburgh house belonging to Goodwin, who left RBS late last year with a pension of some 700,000 pounds a year despite the company's huge losses. A group calling itself Bank Bosses Are Criminals (BBAC) emailed a number of media organisation soon after warning: Bank bosses should be jailed. This is just the beginning.

Allegedly email: bankbossesarecriminals@mail.com

IMO: This matter is nothing like as important as say Nandigram or Singur but someone should take serious action about corrupt bank bosses (Goodwin is not even a proper banker), politicians and other such criminals.

As for Goodwin, reports are "the scum bastard is in Nice. He flow out last friday on a flyglobespan flight. Tight git. My money is on him coming back on friday to edinburgh. Saw some Glasgow guy abuse him at Nice airports saying You're a disgrace to the country and hand your money back' He didn't say anything and his cocky wife kept her trap shut as well".

So who is next? The money is on Andy Hornby -in the select committee he looked like he'd have a mental breakdown if you said "boo" to him.

Fred Goodwin was a Director and as such had Fiduciary Responsibility to all employees and share holders. If it is proven he acted recklessly and in a manner to both endanger the employment of staff and to damage the share holding of fellow directors, staff and share holders is in breach of company law and he is personally responsible. He has assets he has funds and all who have lost can make a case against him and his fellow board members. If it is proven they acted irresponsibly and in a manner that would lead to loss of share value or jobs. Then he and his board are all liable for prosecution. If proven they are indeed criminals!

It is currently said that the only reason the politicians don't go after Goodwin's money with any conviction is that they are as guilty of theft as he is and he knows stuff that can hurt them. Sack the lot of them. If McNulty gets away with this we should all stop our Council Tax payments until he goes.

IMO: I don't blame McNulty in particular - in some ways he is a victim of the system as we all are and he is in a different bracket from Goodwin - but Council Tax should certainly be abolished and this is a good time to do so. Libdems tried to abolish Council Tax but have so far been ineffectual.

Comments: Post a Comment

Subscribe to Post Comments [Atom]





<< Home

This page is powered by Blogger. Isn't yours?

Subscribe to Posts [Atom]