As far back as John Prescott’s general order to UK Councils that they invest dormant capital in money markets for the greatest return, which was exposed by the bloody nose of the IceSave debacle, all lowly apparatchiks have followed a set of standard administrative procedures that boggle the mind. Where the law wasn’t quite clear on how to make good potential losses, the honchos made it up as they went along and their lawyers somehow tailored new, highly suspect tenancy agreements to illegally re-capitalise what many now regard as aimless, amateur-run, hopeless Hedge Funds.
Posted by: rmiglobal | September 21, 2011
Concepts Of Money 5: Put Out A Trough And The Pigs Will Come
Posted in Guest Post, Christianity, Islam, Friends, Politics, Philosophy, Humor, History, Accounting, Quotes, Nature, Musings, Environment, Work, Lifestyle, Drama, Women, Men, Research, Spirituality, Random Tho | Tags: cash, councils, dinero, fat of the land, hedge funds, housing benefit scam, money, pigs, rbkc, rent, service charges, uk
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