The Credit Crunch Diaries

The Credit Crunch Diaries.Informed comment from John Smith updated daily as the biggest financial crisis of modern times grips the world. This diary reflects the author’s personal view and interpretation of events, no offence to any party is intended or inferred.

Thursday, 31 December 2009

The John Smith 2009 top-ten awards

The John Smith 2009 top-ten awards

1. Most understated quote
“The Treasury may not have secured the best price for the advice.”
(National Audit Office referring to £107.1m paid to accountants, lawyers and bankers between September 07 and March 09).

2. Most inappropriately named executive
Sir Fred Good-win

3. Most appropriately named executive
Bernard Mad(e)-off

4. Best monetarist trick
Quantitative easing

5. Best UK prime minister by default
Sir Mervyn King

6. Worst UK prime minister by default
Gordon Brown

7. Greatest global blood-sucker
Goldman Sachs

8. Best UK sucker
Alistair Darling

9. Best white-knuckle ride
FTSE 100

10. Most hated activity
Investment banking or UK Government borrowing (equal 10th)


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