"MIG" wrote in message

On 20 Nov, 13:32, wrote:
On Fri, 20 Nov 2009 05:18:14 -0800 (PST)

MIG wrote:
Yes, I think he means Bob Crow, whose funding comes entirely from
the subscriptions of members he represents and to whom he is
democratically accountable, unlike ... ooh ... the bosses of Lloyds
who are being propped up by the taxpayer and over whom the taxpayer
has no control.

Oh so old Bob is democratically accountable to the taxpayer is he?
Taxpayers have control over his actions do they?

No, because he isn't funded by the taxpayer; he is funded by the
members of the RMT, as I said. Lloyds is funded by the taxpayer.

It is now 43% owned by the taxpayer, and so taxpayers do have some
control over the management's decisions and staff bonuses. Ironically,
however, the worst decision made by the former top management was at the
instigation of the taxpayers' chief representative, one Gordon Brown.

Lloyds TSB had been a well-run bank that probably, like HSBC and
Barclays, would not have needed any taxpayer support through the crisis.
But Gordon Brown tempted his pal Sir Victor Blank to rescue the ailing
HBOS, by allowing the takeover to go through without a competition
enquiry. Blank has lost his job, but not been sued by disgruntled
shareholders, as he surely would have been had the bank been American.
www.guardian.co.uk/business/2009/may/17/sir-victor-blank-lloyds

Worse still, now that Lloyds has been rescued, the EU is insisting that
it divests some of its businesses, to reduce its market share, so the
one intended objective (of increasing market share) that drove the crazy
deal will also be eroded.
http://www.topnews.in/eu-might-force...idiary-2214889
www.guardian.co.uk/business/2009/nov/18/eu-approves-lloyds-bank-restructure