The Curmudgeon

YOU'LL COME FOR THE CURSES. YOU'LL STAY FOR THE MUDGEONRY.

Thursday, March 19, 2009

On What Will Help All of Us

Gordon's little Darling has decided not to follow the Obama administration in limiting the salaries of executives at banks which the taxpayer is bailing out. Gordon's little Darling has stated that he was "never an advocate of light-touch regulation"; hence the fact that his light-touch regulation helped to wreck the economy is self-evidently someone else's fault: "there were many in the house who were" advocates of light-touch regulation, so that settled that. Such are the perils of an absolute parliamentary majority.

Gordon's little Darling believes that regulation needs to be "more intrusive", though perhaps not quite so intrusive as the regulation required by Agent Smith and James "We're Closing In" Purnell in keeping the idle poor under control. Gordon's little Darling believes that regulators need to ask questions of those they regulate. This sounds like a jolly good idea. Gordon's little Darling believes that regulators need to ask questions of those they regulate "because it is too important for them not to." Therefore, in a rapid ejaculation of prioritisational dynamism, Gordon's little Darling plans to "put forward measures to strengthen our regulatory regime and get back to economic recovery as soon as possible", because that "will help all of us", even those whose salaries have not been capped.

Gordon's little Darling would like to see the excesses in the banking sector curbed, but not if it means doing anything to curb the excesses in the banking sector. Gordon's little Darling has warned that a decline in bonuses for people who are greedy and incompetent would harm those public finances which are not already being pumped into the non-capped salaries and the non-curbed bonuses of the non-sacked executives of the non-lending banks for which the public finances are paying. "I expect the revenue from bonuses to fall although I do have to say that that is a double-edged thing," said Gordon's little Darling. After all, the Obama administration has over forty months to run, whereas Gordon's little Darling could be looking for a job in the profiteering sector within the year.

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