The rulebook goes out the window...

"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 on the Andrew Marr show this morning.

TB can't quite believe what he is reading here. OK so Fred Goodwin is an idiot who doesn't deserve a penny, that fact aside, the government are to blame for this cockup. They have either done nothing during this recession or had knee-jerk,warped responses. This is what happens when deals are forced and facts not checked. The bonus was in Goodwin's contract and signed off by the government and nobody bothered reading the small print.

So instead of admitting a cockup here, the government has the audacity to think that it is above the law. In this very quote the true inner thinking of the  Labour government is revealed. They are obsessed with public opinion and lead on the back of that, rather than what is right. So desperate are they to stay in power, they have abandoned their values and their respect for the rule of law.

We all suspected this for many years but here is the smoking gun.