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UK government favours mob-rule to solve banking crisis

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“It might be enforceable in a court of law this contract, but it’s not enforceable in the court of public opinion and that’s where the government steps in.” – Harriet Harman

Just to be clear, did the leader of the house of commons just say that that popular opinion counts for more than a legally binding contract? Is this government policy now? I wonder how they’re going to decide when to side with public opinion and when to let the rule of law take precedence.

Not that any of us are at all happy about Sir Fred being handsomely rewarded for his utter incompetence – but what’s the point of the government posturing over this when they readily admit that he’s legally entitled to the money he’s getting?

Instead of these cheap, headline grabbing tactics, maybe they should be thinking about reforming the financial services industry so that this kind of thing doesn’t happen again.

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