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fingermoving

Listed below are comments made by fingermoving between Sunday, 17th May 2009 and Saturday, 29th August 2009.

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What was HBOS doing? 10:43am on 29 Aug 2009 The takeover of HBOS by Lloyds involved a total neglect by the Lloyds board of their fiduciary duty to their shareholders. They should all be barred from holding directorships in public companies in the future. Perhaps Lord Turner will see that this is done.
Eurosceptics triumphant 10:19am on 08 Jun 2009 There is a real distinction to be made between supporting the EU, which I do strongly, and being happy about the European Parliament. The Parliament is an awful example of a body with (some) power and no responsibility. Hardly anyone knows who their MEP is and even fewer have the least idea what they support or vote for. It is an illusion that they provide democratic accountability for the European Commission. Their legislative record is dismal and they cost a very great deal of money. Until and unless there is some form of federal European state they serve no real purpose and it would be a good idea to suspend the whole operation for the forseeable future.
Blank to quit Lloyds 10:10am on 17 May 2009 The whole board of directors of LloydsTSB totally failed to exercise the fiducial duty they owed to their shareholders when they agreed to the take over of HBOS. This fiducial duty is a legal obligation not an optional extra to be abandoned for personal aggrandisement. They should all be sacked from the new company and, if financial regulation in this country were actually enforced, they would all also be banned from holding directorships in any public company.
If all investment is indeed based on a balance of greed and fear, we would do better with directors who are rather more afraid and rather less greedy.

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