"It might be enforceable in a court of law this contract, but it's not enforceable in the court of public opinion and that's where the government steps in."
I'm not entirely sure whether Harriet Harman QC was being cretinously stupid or seeking to impress the ghost of Machiavelli when she said that the other day.
Fred Goodwin doesn't appear to be someone I would very much like if I met him. He also appears to have been the onlie begetter of RBS purchase of ABN Amro, which in retrospect was not a brilliant move. That, however, was not even the principal cause of the financial morass we are now in, any more than was Barclays' decision that after all they weren't so keen on buying Lehmann Brothers.( Read more... )