Have you noticed how the architects of the bust in the British economy, have all landed plum employment in large banks? Gordon Brown at Pimco as an advisor (all payments to his charity), and Alistair Darling at Morgan Stanley as a board member (in 2014 MS board members received $75k pa plus upto $30k for joining a committee and $250k in stock awards).
How ironic that the two men who managed to misunderstand how economic cycles actually worked, are now advising the taxpayer bailed out banks.
How ironic that the two men who managed to misunderstand how economic cycles actually worked, are now advising the taxpayer bailed out banks.
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| The Gravy Train Just Keeps Rolling Along ... |
