Friday, March 13, 2009

Royal Bank of Madoff

Some much needed light relief; "The Daily Mash" is in prime form with a comment on Bernie Madoff's fundamental mistake.

http://www.thedailymash.co.uk/news/business/madoff-pleads-guilty-to-not-being-a-bank-200903131639/

The picture of the "Royal Bank of Madoff" is a quick adaptation of the "Royal Bank of Scotland". RBS's recently departed Chief Sir Fred Goodwin has pocketed a pension of well over $1 million a year after flying the bank into the ground - and thus into the pocket of the taxpayer.

Despite all the ludicrous huffing and puffing by the media and various politicians, there is no legal way of relieving him of the money. And he is only 50 and in excellent health, so we may be paying him the $1 million a year for the next 40 years.

Still, informal vengeance is often the best. Some one daubed "Scumbag Millionaire" in large letters opposite Sir Fred's home in Edinburgh - in the same neighbourhood where J K Rowling of "Harry Potter" fame lives. As you might guess, it is a rather different neighbourhood from that inhabited by Danny Boyle's Edinburgh druggies in "Trainspotting".

Because It's WRONG! (Part 3)

A further postscript on the ever-depressing subject of child protection from the news this morning (Friday 13th March - how appropriate). The eminent Lord Laming complained that his recommendations for improvements in Social Service child protection had not been implemented. These recommendations were made years ago after the horrible death of a little girl, Victoria Climbie, in London. The occasion for his protest was a further investigation after the more recent and equally horrible death of a little boy, Baby P, in London.

With all respect to the good Lord, one of his well-meant recommendations was that sufficient resources should be devoted to child protection. Given the scale of the problem, do you think the entire Gross Domestic Product might make up for the failures of parents? The inefficiencies involved are mind-bending.....not to mention budget bending.

One social worker described the follow up to a family visit. If she spent a hour with a problem family, on return to the office she might spend anything from 30 minutes to 3 hours on electronic paperwork and other actions. There has to be a full accounting for all actions; even telephone calls to other agencies (e.g. police, schools, National Society for Prevention of Cruelty to Children, etc) have to be recorded. And that is excluding other "downtime" such as travelling to and from families, team meetings, training, sick leave, holidays, etc.

A classic theme in past inquests into the horrible deaths of battered children has been "failures of communication" between the numerous responsible agencies. Teachers' worries about a neglected child did not get passed to Social Services, Social Services' communications to the police got buried in police files, the hospital staff hesitated to breach medical confidentiality, etc, etc. So the remedy for bureaucracy is super-bureaucracy.

And of course while the social worker is covering his/her backside in the case of one family, he/she cannot give attention to the other problem families in the desk. A totally perverse set of incentives encourages the social worker to spend more time protecting himself than protecting little children.

But given the way in which Social Service departments, from the most senior to the most junior front-line worker, have been mercilessly vilified in the media every time another disaster happens, such self defence is inevitable. And the witch hunting media are not going to indulge in any self-criticism about the way in which they have promoted the sexual liberation agenda and hence the mass abuse of children.

One of the few thoughtful articles I have ever seen on the subject is in the ever-superb "Touchstone" magazine:

http://www.touchstonemag.com/archives/article.php?id=15-03-031-f

Carson Holloway's article "Dare We get real about sex" argues forcefully that you cannot promote the sexual liberation of adults without promoting the sexual abuse of children.

Which is why well meaning but unreflective politicians like Tom Harris are caught on the horns of a dilemma. He is rightly horrified at mass bastard breeding by vulnerable girls who are hardly more than children themselves. But to coherently argue for reform means far more than condemning such behaviour, however cautiously and diplomatically. You have to reject extramarital sex among consenting adults....and the gay agenda....and contraception...Er, hold on, Holy Cow, I want a few voters behind me come the next General Election. And the next General Election in Britain is barely a year way. All the New Labour chickens, from years of schmoozing bankers to PR spin to illegal wars to lying about education, are coming home to roost in quick succession.

Because it's WRONG! (Part 2)

(Stan writes:)
Bill,

In the previous post on Right and Wrong, are you indulging in sarcasm or are we to take you literally? There are several places in this post where I had that question. I'm not saying you need to make it clear, as such ambiguity fosters thinking.

Stan

(Bill's response follows)

Dear Stan,

I meant it literally; the problem with Tom Harris's article, like many "conservative" commentators' writings on "morality", is that he makes moral declarations without any bedrock of seriously considered principle to give them credibility.

Consider his sentence:
Teenage girls shouldn’t choose to have babies as an alternative to getting an education and a career. Why? Because it’s wrong.
This statement by itself is obviously silly beyond belief; it condemns a large percentage of our mothers, grandmothers, etc. It is wonderful that modern teenage girls have far more opportunities than their ancestors. But what about those who have no aptitude for or interest in formal education, especially given the abysmal quality of secondary school qualifications in Britain? There is nothing "wrong" in the serious moral sense, about choosing to have children at an early age. It might be a misguided, ill-advised or short-sighted decision.....but that's part of the risk of being alive. For some girls it might actually turn out to be a very worthwhile choice.

Of course, if there were radical reforms in education to make it more relevant to deprived young girls' lives you might get some of them going for careers rather than diapers. God knows, Labour has poured more than enough money into state education to make some difference even in the worst areas. But Tony B Liar's mantra of "Education, education, education" doesn't seem to have reached the grass roots, at least in Tom Harris's constituency. What about a voucher system to promote new schools and draw educational innovators into providing for families who have never known the dignity of choosing their own private schools? Well, Tom's fellow Labour education bureaucrats and the teachers' unions would never stand for it, so I think we can forget that one.

And if he is condemning young girls only for having children out of wedlock at the ever-luckless taxpayer's expense? Well, that IS doubly wrong in a serious moral sense, both as an abuse of sexuality and recklessly making yourself dependent on the public purse. But Tom will have to do some serious arguing about the correct use of sexuality within the context of marriage and he's going to sound like the Pope, despite his unconvincing protestations that he is not promoting Christian morality. Or we are all going to suspect that he is picking a soft target for cutting public expenditure.

You can make a very convincing and purely rationalist case for encouraging people to have children within stable marriages by pointing out the terrible statistical outcomes for children born to single mothers. But these arguments always seem to lack practical effectiveness in the face of the libertines' ideology and their assertions that people are free to indulge their sexual preferences in any way they want.

In fact Tom almost endorses the libertines' position:
Don't interpret this as any kind of "back to basics" crusade; I'm not remotely interested in what adults do in the privacy of their own homes, and I'm not sounding the rallying cry for Christian or religious morality. But when the actions of others has such a debilitating effect on the rest of society, it's time to stop being polite. It's time to stop worrying about how people's feelings might be hurt if we question the choices they've made.
If he is not interested in what adults do in private, why does he regard it as wrong for young girls to be sexually active - unless he is hiding some religious agenda?

Tom gives a superb exhibition of delicate figure skating on very thin ice where he describes the grandfather whose immature daughter had just given birth. He did not want to condemn the father or daughter; after all, he is a politician and does not want to offend too many potential voters or seem to be religiously judgemental. But how are we going to reduce the incidence of illegitimacy unless it is again regarded as a target of serious social disapproval? The complacent acceptance of illegitimacy is plainly an important support for a girl's decision to get pregnant.

In short British politicians, even the sincerely well meaning like Tom Harris, are too compromised in too many ways to act as credible contributers to any serious debate. Merely lamenting the eyewatering expense of single mothers looks ludicrous when the Government and Opposition are united in continuing public expenditure at its present crippling level and in refusing to abandon anything: useless defence projects, useless computer systems, hordes of parasite consultants and Public Relations liars, expensive schools with appalling exam results, the 2012 Olympics, countless building programs which run way over budget.....and that is barely scratching the surface.

As for objecting to the killing of little children....well, some of us have problems taking any British politician seriously, given the scale of abortion in Britain and the near-impossibility of even reducing the number of weeks at which a baby can be aborted.

[More on the next post.]