The full ramifications of the crunch haven’t hit us yet. Remember those two geezers recently who drove a car up a frozen canal? They were doing 30mph to 40mph and anyone on the towpath could see how it was going to end — they went into the ice — but they were just going faster and faster, and loving it. That’s how the bankers were.
Billy Bragg, describing the financial situation in the UK, where the 84% taxpayer-owned Royal Bank of Scotland recently announced plans to hand out £1.5 billion in bonuses. Bragg, who latest song is titled ‘Last Flight to Abu Dhabi,’ led a campaign this week to try limit bonuses for RBS employees.
TrojanWire 
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