I don't for one second agree with or support the vandalism against Freddies property.

I object on ethical grounds and I also see it as a pointless ineffective punishment if that is how it was intended as Freddie will not suffer a jot.

As for whether there were kids there or whether he was known to be away or not, I think we will find that the guys who did this stuff are not that discriminating or they would have thought their plan through a bit better as far as it pertained to their presumed goal of punishing him.

I read that CV as evidence of over ambition and reckless risk taking.

I never cared before because he wasn't being paid with our money, money which we thought was going to be used to save the bank not the banker.

And I agree that those who agreed his pay off should take responsibility and not try to pass the buck his way exclusively.

But none of that detracts from the fact that he is a shitbag of the highest order.

We in the public domain have an image of banks as prudent conservative sensible institutions that we can trust with our money.

We assume that those running the banks put our interests first and would never do anything to compromise our security and livelihoods.

Freddie failed to honour that trust.

A point to remember - if RBS had gone under, he would have received no pension as there would have been no company to pay it.

So he needs to thank us for having a pension at all.

The fact that he has agreed to take so much is criminal.

It is like being saved a slice by us when all indications were that he might get nothing and then showing appreciation by taking the whole cake from us.


Down at this end of the economy, I have a pretty low opinion of those who take advantage of the taxpayer. Benefit fraud, scrounging and dependancy by those who are fit and able pisses me off.

Fred didn't need £16,000,000.

How many able bodied dole scroungers would it take, at £60 a week for a lifetime (say 50 years) to cost the tax payer £16,000,000.

I work out that it rounds down to 102.

It isn't illegal, but we don't like it.

Freddie the freeloader was already minted.

He is morally corrupt.