Thursday, February 26, 2009

Sir Fred Goodwins Pension

I have not got a lot to say really, except that it is no good chasing Sir Fred down now asking for our money back.

The fault for all RBS expenditure now lies at the feet of Gordon Brown and Alistair Darling. They rushed headfirst into the deal with RBS and never stopped to consider the full extent of what they were committing the tax payer to take on.

They should have taken a good look at the books, and put legislation in place to cap bonuses, and if possible they could surely have capped extravagant pension contributions. This should have all been in place before the commitment of tax payer funds was made, before the cash went in and before anything was signed.

This was not done, and you and I will no have to pay for it. Remember that next time you go to vote.

1 comment:

Reasonable Robinson said...

Couldn't agree more. This should have been an essentail npart of the bail-out deal going foward