Sunday, 18 July 2010

The world has gone bonkers


The Sunday Telegraph has reported today: "JP Morgan has raised serious concerns about its commitment to its new £1.5bn European headquarters at Canary Wharf because of anger within the bank at the lack of support for the financial sector in the UK."

Has £850 billion subsidy pumped by the UK taxpayers to the financial sector not been enough? The sooner these guys like JP Morgan go, the better. Compared to JP Morgan, Arthur Scargill is a true standard bearer of laissez faire capitalism.

Or, perhaps, it is worse: the bankers want to ensure that "The largest heist in history" continues. That the government supplies the financial sector with massive subsidies, to the tune of hundreds of billions of pounds a year, in perpetuity, fleecing the taxpayers in the same way as loan sharks do their victims.

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