Pond Life © fintag

Today's shorts:
It's all Greek to the Greeks (bloomberg)
UK debt is worst ever - but nobody gives a shit (bbc)
Toyota Treated as Toxic (bloomberg)
The Kiss of Death Awards (hedgeweek)
UK Double Dip On Its Way (ons)

Today's longs:
Obama does what Obama does best (msnbc)
Japanese, Sheep and CDOs (hh)
Bacon Slags Me Off (new york times)

News comments:
Pond Life. I come across a lot of people who in previous incarnations would have lived in ponds. Many work for regulators and lawyers and other business prevention types and whose mantra is "risk is bad, red tape is good". Risk is no longer tolerated and has been replaced with dullness and mediocrity.

I made the mistake yesterday of trying to grapple with the FSA's website. Paying my compliance people $3000 a day, I decided to see why they charge so much. I know why. You need the brain of a pond slug to navigate the thousands of pages of words that never seem to be laws but guidance, and principals and rules. So yes, they deserve every cent.

The talking heads of those other Pond People (Cleggy, Camewrong and Braincells) were fighting it out on UK TV. It was shocking so I watched a re-run of American Idol where more pond life was being judged by rich pond life.

My new office had some work done at the weekend and the Health & Safety man came in and told us off. Why? Because the fire extinguishers were out of date.

I nearly ended it there and then.

Gossip:
Greece will be forced out of the Euro.

St George never killed a dragon (because they don't exist).