Friday, February 27, 2009

Lloyds reports HBOS loss of £10.8 billion

Ho hum. It's only other people's money. At least, it is now.

(This article is worth reading if you want to know the reason why the government told us all about Sir Fred Goodwin's pension. Yes, Mandelson's fingerprints are all over this successful attempt to shuffle out bad news under the bait-and-switch cover of misplaced rage.)

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