Wednesday, April 16, 2008

Brownian motion: is Gordon Brown the right person to be preaching to the banks?

The irony of Gordon Brown telling British

and American bankers

to tighten their belts, come clean on their hidden debts and pass on the interest rates reductions to account holders is amazing to see....

considering that the bank that Gordon now owns has not passed on these rates

that his government wanted to keep this debt off the books

and that the regulatory environment that he created failed to cope with the situation on a fundamental level:

actually maybe he is the best person qualified to talk about these issues!

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