Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-04-07-Speech-4-022-000"
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"en.20110407.3.4-022-000"2
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"Mr President, I rise before the House today to mention one or two things which might perhaps be of help. I spent 35 years as an investment banker, investment manager, investment adviser and economic strategist, and I never bought a dud bank in my life. I never bought a dud bank for my clients, but over the past few years, I have had the politicians and bureaucrats put a gun to my head, as a taxpayer, and make me buy more dud banks than you could shake a stick at. These are not even British dud banks, they are foreign dud banks, and I hear today that the British taxpayer is being asked to fork out for Portugal.
If I want to invest overseas, I will buy an emerging markets fund. I do not want a form of nationalised Mickey Mouse bank investing my money or that of my constituents by force. I say ‘Mickey Mouse bank’, Mr Maystadt, because all I have heard from you so far is how you are going to invest money to change the weather. I have never heard so much nonsense in my life. I do not know where you get your advice from, but statistically, the weather has not actually changed for about 15 or 16 years, so what are you going to shovel all this money into?
I do not want to invest in your bank and neither do the British people. I would counsel you, if you want to keep your AAA status, to ignore the pleas of this House – full of eccentrics, greenies and bored housewives – in particular, in relation to paragraph 48 of the report. Solar panels in the land of the wildebeest, giraffe and bongo drum will lose you your AAA rating in no time at all."@en1
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