Who the LibDems really are
Friday, October 31, 2008
Barclays' Middle Eastern fundraising under fire | Business | guardian.co.uk.
Vince Cable has inadvertently revealed just how little the Liberal Democrats are entitled to the first part of their name. Barclays has managed to stay independent. It has not resorted to taxpayers' money. Its shares have risen 10% on the news. And Comrade Cable thinks that's a bad thing.
Barclays actually closed nearly 16% down, having been over 25% down shortly after the news was announced. The board seems to have taken on a very expensive "rescue package" in order to maintain the company's "financial independence" - or, the cynic in me reckons, allow them to continue paying themselves stupendous amounts of dosh whilst shafting their ordinary shareholders.
Posted by: Pogo | Friday, October 31, 2008 at 05:58 PM
The LD's would have been a sight more honest if they stayed as the SDP after the inverse take over of the Liberal Party
Posted by: Guthrum | Friday, October 31, 2008 at 04:40 PM