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Category Archives: Credit Crunch

Tories criticise Government for saving £10 billion

Sunday, February 15, 2009

Tories put shareholders interest before the public’s
Kenneth Clarke scored an own goal by criticising the government in allowing the Lloyds bank takeover of HBOS. What he is forgetting is that with Friday’s declared losses the takeover has saved the taxpayer almost £11 billion (at least in the short term) at the expense of Lloyds shareholders. [...]

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Out with The Old and In with The New

Wednesday, January 14, 2009

A belated ringing of the changes took place today as I along with 330 of my colleagues at Barclays Global Investors was told my position was being eliminated.
A first wave of redundancies had taken place in the San Francisco office in November and this second phase was expected.
A large group of us had suffered the [...]

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