You might as well say the advice was naff,will Goldman Sachs and co used in the valuation now be surcharged i wonder?
If David Buick from the anylists Panmure Gordon was able to say on LBC before the sale it was undervalued, the people advising should surely have known seeing as they stung the government for £16 million for that advice.
stick a bag of werther's original outside number 10 and lock the door.
It shows how bad the libdem talent must be for Cable to have survived this long.
Why did they give such an important role to a leftist economic illiterate?
He's FAR more economically literate than Cameron and Osborne (not that that's saying much). However Vince's chief 'achievements' in this government are raising tuition fees and privatising the Royal Mail. Those whp placed much faith in him in 2010 must be sorely disappointed.
Personally I think he was given the job so that he could fail and got rid of, if I remember correctly he has been against and opposed to the chancellor on other subjects. The whole selling off of Royal Mail was never going to go down well either, not surprised how this is coming back.
Besides shares will always be sold at one price and it goes up in value if it does well, which isn't surprising for Royal Mail. Meaning that it would always be regarded as being undervalued, cause look at the price the next day it has gone up again. Also prices will always peak and come down in value again.
Personally I think he was given the job so that he could fail and got rid of, if I remember correctly he has been against and opposed to the chancellor on other subjects. The whole selling off of Royal Mail was never going to go down well either, not surprised how this is coming back.
Besides shares will always be sold at one price and it goes up in value if it does well, which isn't surprising for Royal Mail. Meaning that it would always be regarded as being undervalued, cause look at the price the next day it has gone up again. Also prices will always peak and come down in value again.
what's really knackered Cable the share price was Questioned from the start and totally dismissed. His own words are coming back to really hit home the point why all this has kicked off. Making matters worse the report has come from a fully independent source not some committee of Mp's with maybe an Agenda going on.
Even tonight he is very arrogant in his replies saying it was a good deal for the Tax payers not seeing it was a much better deal for all those "fat cats" this Government seems to keep giving lovely treats.
the way the deal was worked out they sold large sums of shares to various city investors to try and keep a sense of calm in the sale when those investors saw the price going up they sold the lot and made a total killing there was nothing in the agreement they had to keep the shares making the entire deal totally pointless.
I am not a fan of Gordon Browns but he may of sold the gold off cheaply.
But vince has done the same with the post office shares do they never learn.
Perhaps the post office shares are Cables Gold.:o
I read somewhere that Brown's sale of the gold was technically a bailout of Goldman Sachs who had sold to much paper gold at the time. Can't quite remember where I read this.
Comments
Why? Has the record deficit left by Labour vanished into thin air??
You might as well say the advice was naff,will Goldman Sachs and co used in the valuation now be surcharged i wonder?
If David Buick from the anylists Panmure Gordon was able to say on LBC before the sale it was undervalued, the people advising should surely have known seeing as they stung the government for £16 million for that advice.
It shows how bad the libdem talent must be for Cable to have survived this long.
He's FAR more economically literate than Cameron and Osborne (not that that's saying much). However Vince's chief 'achievements' in this government are raising tuition fees and privatising the Royal Mail. Those whp placed much faith in him in 2010 must be sorely disappointed.
Perhaps he could become Nigel's left-hand man?
One Royal Mail strike will soon fix that. 330p will look like great tax-payer value then.
At his age i doubts he worries about that,he is 71.
He may well bow out soon.
Like every other LibDem then.
Besides shares will always be sold at one price and it goes up in value if it does well, which isn't surprising for Royal Mail. Meaning that it would always be regarded as being undervalued, cause look at the price the next day it has gone up again. Also prices will always peak and come down in value again.
what's really knackered Cable the share price was Questioned from the start and totally dismissed. His own words are coming back to really hit home the point why all this has kicked off. Making matters worse the report has come from a fully independent source not some committee of Mp's with maybe an Agenda going on.
Even tonight he is very arrogant in his replies saying it was a good deal for the Tax payers not seeing it was a much better deal for all those "fat cats" this Government seems to keep giving lovely treats.
the way the deal was worked out they sold large sums of shares to various city investors to try and keep a sense of calm in the sale when those investors saw the price going up they sold the lot and made a total killing there was nothing in the agreement they had to keep the shares making the entire deal totally pointless.
Conservatives will now be able to talk about the financial incompetence of both
Labour & Lib-Dems
Probably go when the LDs return to the wilderness.
...or to the Lords, which amounts to about the same thing.
Also: If the conservatives come in for criticism all they have to do is mention QinetiQ and the tables get turned.
I read somewhere that Brown's sale of the gold was technically a bailout of Goldman Sachs who had sold to much paper gold at the time. Can't quite remember where I read this.
Except they still get expenses paid.
At least Cable gave everyone a chance to buy some of the Royal Mail. I can't remember getting ask by Brown if I wanted any cheap gold.