UK – Britain’s biggest banks are “technically insolvent”, Royal Bank of Scotland said yesterday. Analysts working for RBS, one of several British banks to have received emergency funding from the UK Government last year, told the City that “the domestic UK banks are technically insolvent on a fully marked-to-market basis”.
Last summer somebody asked me what inspired me to be as libertarian as I’m & though I’ve given John Stuart Mill’s On Liberty a great deal of credit what really ignited the individualist warrior in me was The Prisoner.
UK – To quote John Redwood “Last autumn, the British Government stepped in with massive cash injections for the banks. A few weeks on, and ministers admit this £487 billion package did not even put the main banks into a condition where they can lend normally, let alone save the world. Continue reading “Raping the Taxpayer to Save the Banks! Why?”
UK – The disgraced former head of children’s services, Sharon Shoesmith, 55, has lost her appeal against getting sacked by Haringey council over the death tragic toddler Baby Peter Connelly at the hands of his mother, Tracey Connelly, her lover, Steven Barker and her lover’s brother Continue reading “Baby Peter Connelly Director loses Sacking Appeal.”