Shame­less Fred Good­win is still liv­ing the high life

Daily Record - - NEWS -

A decade since the fi­nan­cial crash and Fred the Shred’s still grin­ning.

In his flash car, the dis­graced ex-banker mo­tors on re­gard­less.

Mean­while, the vast ma­jor­ity are still pick­ing up the pieces.

It was 10 years ago to­day that Lehman Broth­ers col­lapsed in the US, drag­ging with them pretty much the whole or­der of global fi­nance.

Closer to home, RBS were al­ready well on their way to dis­as­ter un­der Fred’s ruth­less pur­suit of busi­ness dom­i­nance.

We all know what hap­pened in the years af­ter the meltdown.

And the dam­age has not been to­tally un­done.

Bad money thrown af­ter bad money, hand over fist, at tax­pay­ers’ ex­pense.

Sav­ings were whacked, liveli­hoods were harmed, homes were lost, jobs dis­ap­peared – and the age of aus­ter­ity took over.

There was no rad­i­cal over­haul of the land­scape to make the sys­tem work for ev­ery­one.

So­ci­ety is still held back while the rich get richer.

The prop­erty bub­ble didn’t re­ally burst – mort­gages are out of reach for huge numbers of peo­ple.

Fred was not alone in fail­ing to see the dire con­se­quences of reck­less busi­ness be­hav­iour.

But 10 years on, with the econ­omy still slug­gish and prop­erty even more ex­pen­sive, there he is. He grins and the rest of us bear it.

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