THE FINTAG NEWSLETTER
@ Tue 10 February 2009 : GMT

FINTAG COMMENT

Blame.

If I fall over and cut my knee, my first reaction is to make sure the wound is fixed. Then I will reassess why I fell over and learn from my mistakes. In today's society I would also find out who made the paving stones and sue them for not having a product fit for purpose, I would sue my tailor for not providing knee pads in my trousers, I would shout at the people walking on the pavement for being in the way and finally I would write about my frustrations and blame everyone else for my predicament.

I didn't tell you I was drunk (on debt) and had left my contact lenses out. But that doesn't matter, for blamers and blamees are the new order of a world full of irresponsible people.

If I were a CEO being hassled for bonuses I would say to my sneering civil servant, "Just because you are suffering from envy and wish you could travel by Private Jet and have your every needs massaged." Talking of which didn't our favourite Hollywood Hedgie Mr Busson have to travel at the back of the plane on his way back from DAVOS? Even the most luducrious hedgie can be humbled sometime. I bet he wasn't blaming anyone except himself [Editor: I am not so sure]

With bankers in fear of civil servants, an Economic Adviser telling us to throw those shoes away, get those finger nails grubby and learn to live off Gin, the next few years will be ones of total responsibility because blaming won't get you the next meal.

Independence and fitness are the key to 2009 and Charles Dickens is the new messiah.

RBS AND HBOS EXECUTIVES TO APOLOGISE FOR COLLAPSE OF BANKS

timesFintag says
This must the Scottish way of doing things. Still, the old adage that the Scots are tights arses is truly dead. The Scots are spend thrifts chavs. Oh, and don't forget I am partially Scottish so can criticise my own race (Edinburgh variety so not really Scottish although I had a great Uncle who helped keep the Whisky industry solvent in Glasgow and made Billy Connelly look like a dullard). You have seen Taggart the TV cop show; like a tartan I am the Taggit variation.

times says " Labour and Gordon Brown in poll wipeout despite economy hopes "

ED BALLS: MINISTER FEARS RISE OF FASCISM AMID ECONOMIC GLOOM

telegraphFintag says
So what you gonna do about it? Here is a man steering the great ship Brown and now he tells us the steering wheel was broken and the ship is going to crash into the France. So much for keeping a stiff upper lip.

We need more happy people, inspirational and optimistic people, people who make us laugh and know when to be down and when to be up [Editor: Well that counts you out then].

finfacts says " Ireland and Japan; the Human Cost of broken political systems"

ECONOMIC COLLAPSE: THE JAPANESE SOLUTION

speroforumFintag says
Funny how nearly 3 years ago I was telling you the USA was heading the way of Japan.

So why aren't I on TV lauding it up? [Editor: Arrogance perhaps?]

'DEEPER' RECESSION WILL LEAD TO FINANCIAL CRIME WAVE

independentFintag says
Uh? I thought the FSA were regulators not political commentators? Of course they are trying to deflect blame from their useless regulation over the last 10 years.

Next time you bump into an FSA'er ask them what Tier 1 Capital is for ...

BARCLAYS TO REVIEW BONUS POLICY

financial timesFintag says
It was so obvious what Bobby Geezer was up to. He has put a new order in for a large yacht and was concerned he wouldn't get his deserved bonus so sold out to the Arabs. A smart short term move but the UK has lost a crown jewel and nobody cares.

But then do we still believe anything these banks say?

$9.3 BN DRAINS FROM QUANT FUNDS

ft alphavilleFintag says
And much of this was mine. But it will come back. Hopefully. I mean what does an ex Hedgie do?

POLITICS IS DAMAGING THE CREDIBILITY OF ECONOMICS

financial timesFintag says
Absolutely. I think we can add that many journalists are also damaging the credibility of economics. Having spent 5 years at college studying economics, it isn't like media studies where you can read wikipedia and become an expert over night. Not that the current batch of academics are helping - its all about scoring points. Roubini ...what a shower.

ROUBINI: ANGLO-SAXON MODEL HAS FAILED

financial timesFintag says
Oi, Roubini. Check this chart out ...I got the top the market and you didn't. There is always a bust after a boom so here is my prediction: There will be another mother of all booms in about 8 years time when debt is free and we all go mad once more. So what do you think of that Roobey?

EDHEC REPORT HIGHLIGHTS MADOFF RED FLAGS THAT SHOULD HAVE BEEN WARNING SIGNALS

hedge weekFintag says
I never trust Financial people who wear baseball caps.

finalternatives says " Madoff Settles With SEC, Fine To Be Determined Later "

WORRALL THOMPSON CLOSES RESTAURANTS

paFintag says
Goodbye to his excellent puddings ...