Friday, July 17, 2009

Brown: Incapacity losing the hand of Prudence

Sir Fred Goodwin was a guest of the PM's at Chequers no more than six months before being forced to quit as RBS' boss. Is there any greater demonstration that Gordon Brown did not have a clue what was going on with the banks until they fell around his ears?

The words of William Blake might be relevant here (then again they might not be and I just include them anyway because they're good): "Prudence is a rich, ugly, old maid courted by incapacity."

It seems that Gordon Brown's incapacity lost the courtship.

We have seen Lord Myners carrying the can for allowing Sir Fred to get away with a stupendous leaving package. Is it not clear from the Chequers guest list that Sir Fred's brownie point reservoir, in high places, was well and truly topped up when he needed it? Perhaps a tad more can-carrying should be done by G.Brown Esq.

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