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February 08, 2009

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Graham Marlowe

You would know them better than I, Paul. Let's just hope that Gordon Brown backs DM over Hutton. Surely people should see that if the Russian army, at the height of their strength couldn't "win" in Afghanistan, than we certainly can't now.

Paul Flynn

There is an interesting rift building up between David Miliband and John Hutton, the Dove and the Hawk. Happily the Dove has the brain.

Graham Marlowe

I heard on R4 News at 1800 that John "Greed Is Good" Hutton has demanded more NATO troops for Afghanisatn.....

I agree with Tony that Mr Darling's "public enquiry" is probably announced so late so that RBS can help themselves to the money WE gave them, to pay themselves their bonuses: You honestly get the feeling that Brown and co are far too in awe and scared of the City and business in general to give a straightforward "no" to them: at least Mr Obama has that courage.

I think though, that if New Labour DO allow these monsterous bonuses to be paid out, it will just be yet one more black mark in the ledgefr and they will be punished even more at the general election.

Tony

Just a couple of things to comment on:
Darling announces a public enquiry into bank bonuses - I wonder how long it will take to report - lonh enough for the banks to be able to award the current round of bonuses ? We have (as taxpayers) a controlling stake in these banks so what is stopping Darling just preventing the bonus payments ? (maybe not for the retail banking ones but certainly the investment ones ) Or just does he not have the nerve for it ?

Secondly Obama says 'I screwed up' but does Gordon Brown admit anything ? Like, regulatory frameworks, debt across the board and running budget deficits ? Not hardly but it seems to me that people are having a hard time with this 'not my fault' - Cameron will continue to bang on about this and until Gordon Brown admits at least something then I think electorate will end up distrusting anything he says.

Cameron says he is responsible for everything , thats not true obviously, but he does bear a large measure of responsibility for the current UK economic situation and he should say so - but I doubt he will

And finally if you think sub-prime was bad wait until we see the effects of Alt-A debt ..

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