Wednesday, February 09, 2011

Oakeshott quits

Lib Dem peer leaves frontbench, saying of George Osborne's project to curb banker's bonuses 'if this is robust action on bonuses, my name's Bob Diamond'.

IMO: Of course, some of the people who caused the banking collapse were not in my opinion bankers at all in any way. They were appointed by a Labor government which the LibDems might find even more unpalatable. And the current 'real' bankers are a new type of Thatcher/American style bankers who would have been classed as con men prior to Maggie Thatcher.  Will the LibDems crawl out of the frying pan into the fire ? And will they get adequate support from the entrenched money grabbers of all parties for their requirement of an improved voting system ? Even worse it seems unlikely that old Rupert will support their cause. What a corrupt mindless shambles the UK is becoming.

A best answer is probably available - it could be best for the Libdems to use a delicate balance of power wisely and to their own benefit, but that balance does not yet exist. Up to them to ensure that it comes about.

But instead Lord Oakeshott, a close ally of Vince Cable, the Business Secretary, was last night removed from his post as the Lib Dem spokesman on Treasury issues.

IMO: The coalition seems to be harming the LibDem party, which was presumably not their aim. And they are losing votes and voter confidence. Any such party should pull its socks up.

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