Banking Crisis

Lloyd’s Sharia Account.

August 22, 2009

If you bank with Lloyd’s – demand a ‘Sharia Account‘. The Islamic account is available to all customers at Lloyd’s TSB. In theory, anyone who does not need a permanent overdraft facility could switch to this account to avoid being hit by interest charges for going into the red. A Lloyds TSB spokesman said: ‘The [...]

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Madoff given 1% in years of what he stole in pounds

June 29, 2009

This afternoon Bernard Madoff was given a 150 year prison sentence for masterminding the largest fraud the world has ever seen . The gallery cheered as the sentence was handed down. But his wife Ruth said after the hearing that she felt “betrayed and confused”, though probably not as much as the billions of tax [...]

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Truth and Consequences.

June 25, 2009

Whilst the Punch and Judy show that PMQ’s has become was distracting the collosseum crowds upstairs, Mervyn King lobbed an Exocet into the basement of 10 Downing Street with surgical precision yesterday. There were more gems in this speech than any regal crown. Take this one – ‘what is needed is a credible statement’ – [...]

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Red Letter Thursday.

May 23, 2009
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We all know that Britain is a bit short this year, like the rest of the world it’s had a bad run. There’s been the expensive outlay on essential items like bringing democracy and a significant reduction in population to Iraq, which we are now attempting to do in Afghanistan; spending more on police to [...]

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Foot and ‘Mouth’ disease.

May 17, 2009
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The present outbreak of the disease which threatens to cull all the livestock in the House of Commons can be traced back to 1976 and Michael Foot’s cowardice in the face of a pincer movement – a deputation of MPs unable to live on the pittance that was allocated to them and a concurrent acrimonious [...]

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The money go-round.

May 11, 2009
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Throw money at the problem, it’s Labour’s answer to everything. This morning Sir Stuart Bell has come up with a spiffing wheeze to control the profligate spending of MPs. He’s going to set up a new unit which will ‘reassure the public that we do take fully into account their concerns’. This audit body will [...]

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Uddin sleeping in my Bed?

May 8, 2009
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A Peer is a person who can stand up in Parliament and make this statement: Tower Hamlets has a significant problem of overcrowding[...]other areas of the borough remain with old, run-down private housing. With over 20,000 families on the waiting list [...]it is of extreme importance that this Government begin to address the housing crisis [...]

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