Adam Applegarth And Northern Rock
The success of failure. Adam Applegarth as one of the architects for the rebirth of Northern Rock in the public purse is to enjoy a fabulous prize of more than £760,000 as part of a severance agreement. On top of this a very healthy pension. [But this doesn't compare in the slightest to the efforts of Sir Fred "The Shred" Goodwin and his future rewards.] Meddling in an unstable market has its rewards and could even get an 'honour', which would support a suggestion that the outcome has always been the one desired:
Nationalisation of a bank
- Nationalisation is a euphemism for ownership wrested from private hands and into government control (aka management). This is away from the people (taxpayers) who have absolutely no voice, yet underwrite all outgoings.
Confounded Interest
Predictably, the mammal goes belly up when the air runs out and so drowns in the ocean of greed.
Parasitism
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