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Public finances - picture edition

See that black hole.... thats our finances that is .... and that star being sucked into it .... thats all our money that is... there is no way back ..... the hole will keep growing until it has consumed the known universe of cash....

CENSORED - presented without comment

BREAKING NEWS - Banking system insolvent

Today many people PANICed and sold billions of dollars of stocks as one lone uncorroborated blogger posted a peice of text that alleged that the US banking system was insolvent.

http://turnerradionetwork.blogspot.com/2009/04/leaked-bank-stress-test-reults.html

Quickly the US spin machine bust into life and treasury sources quickly denied that any banks were insolvent as infact the stress test had been carefully crafted to make them all look hunky dory.

http://www.bloomberg.com/apps/news?pid=20601087&sid=aZCb6UIETseA&refer=home

but already the damage was done.. and the dow and the S+P collapsed in a Tsunami of selling

In case there was any doubt you can read a pretty good description here if the rock/hardplace the US economy finds itself in.
http://www.moneyandmarkets.com/files/documents/banking-white-paper.pdf

WINNER Jacqui smith - biggest hipocrite of the year award

Jacqui smith today praised the leaking of 'secret' level documents about an alleged Al Quaeda plot by Bob Quick saying 'he has made an enormous personal contribution to making our country a safer place'

http://news.bbc.co.uk/1/hi/uk/8008784.stm
http://news.bbc.co.uk/1/hi/uk_politics/8008788.stm

Meanwile Damien Green was arrested and told 'You do realise this offence could lead to life imprisonment?' for passing on what was described in the braodsheet newspapers as 'not secret information or information affecting national security. It did not relate to military, policing or intelligence matters. It did not expose anyone to a risk of injury or death. Nor, in many respects, was it highly confidential'

http://www.timesonline.co.uk/tol/comment/leading_article/article6108650.ece
http://www.guardian.co.uk/politics/2009/apr/17/damian-green-arrest-leaks-inquiry

It seems that the difference between the two cases was simply that one was in 'the public interest' and one was just another government fuck up.

Shock Horror - The Oligarchy at BP looks after its own.

who owns BP ?

Its shareholders or its board ?

http://business.timesonline.co.uk/tol/business/industry_sectors/natural_resources/article6108760.ece

Its an absolubte disgrace that these fools who were running RBS into the abyss for the last 5 years are still in jobs....

not only that they have parachuted in corrupt Messers Hester and Bostock....

Hello ....Gross misconduct ?

still one rule for the Oligarchy and one for the rest of us...

Shareholders need to grow some balls and quickly...