Yes, of course, I realize that many otherwise blameless employees will have been affected now that the Peverel Group has called-in the administrators.

The fact, however, that this follows the arrest of its founders, Robert and Victor Tchenguiz as part of cross-national investigations into the collapse of Icelandic bank, Kaupthing places me in a difficult situation. Is it wrong to feel a sense of suppressed delight that some of those whose actions allowed the Potempkin village of the credit boom to collapse may be allowed to escape with the indignity of a seven figure pension pot?

In other news, I can think of lots of terms other than the b-word to describe Fred Goodwin.

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