This is a barrel
Take a look at this barrel:
Imagine if you will, Mr and Mrs John D Taxpayer bent over this barrell. With their pants hoicked around their angles, getting a right old bumming from every high street bank, many local councils, and now it seems even some police forces.
In these turbulent times, the “age of Robert Peston“, what else could I be talking about, other than yours and my favourite cereal, the Credit Crunch.
Or rather, the discovery that while the times were good, and the credit was only starting to crunch (and snap and crackle and pop) banks and public bodies were willfully investing our cash in all sorts of bollocks.
Now I don’t know what it was about the Icelandic. Maybe the Chief Constable of Humberside Police really has a thing for Bjork and local councillors go crazy for Sigur Ros, but they’ve all invested a lot of cash. Our cash. And they’ve probably lost it.
This isn’t the best thing to realise the day after we all forked out £50bn for the banks.
So it’s pretty grim. But I’m not going to write about why it’s grim and all that. Instead:covering the story today some things surprised me. First off, the lack of outrage from the public. We went out and voxed some shoppers in Grimsby today, who ranged from nonchalent to mildly peeved.
But what’s got me most cross is the behaviour of these public bodies. My job is to cover events in the Humberside area, and both North Lincolnshire Council and North East Lincolnshire Council it turned out had investments totalling £12m in Landsbanki.
North Lincolnshire offered a statement totalling a few lines, but I was told the people I needed to speak to “were in meetings all day”. Very convenient for them. North-east Lincolnshire found one spokesperson.
I caught the end of Channel 4 News today, as Jon Snow said “We’ve tried contacting every high street bank involved in the bailout, but no-one was available for interview.”
For £50bn I expect the bosses of each high street bank to be available to skip naked through an apiary covered in maple syrup. (Ahh, the things you wish you could say to press officers).
The fact is, not only have banks been spending customers money wildly, so have the public bodies with a responsiblity to the people who pay their wages. Yet they show little or no desire to engage the people whose money they’ve spent and who are bailing them out. That’s called rude in my book.
I hope from this whole mess, at least one thing emerges: a watchdog like attitude among the general public. If we don’t watch these cretins more closely, we’ll be over that barrel again.