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Monday, 30 August 2010

As Ian Dury would have said ...

The FSA had 241 employees on staff in March who were paid more than £100,000, compared with 81 employees in March 2006, according to the regulator’s response to a freedom of information request.

One would like to think that is good news, but if 81 people can't figure out wghat is wrong with the banking system, why would 241 of them do any better? How many public companies in the private sectoractually have that number of employees earning that much, particularly outside the financial sector? And how many government departments.

They probably won't, but this is another example of throwing money at a government problem because of a lack of talent amongst those in charge.

What a waste.

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