Posts Tagged: Michael Geoghegan

Oct 10

The rhinoceros & the cockroach

A tale of tax, exile and bank commissions

Strength is relative, as was proved at my son’s recent sumo wrestling party. The padded, Michelin-man type outfits, over 7 kilos each, were loaded onto the nine year olds. Their momentum was rhinoceros-like when bashing into an opponent. On the other hand, when on their backs on the ground, they were like hapless cockroaches, waving arms and legs frantically but incapable of getting back onto their feet.

The mixture of weakness and strength is similar to that of the UK Banking Commission, which kicked off its year-long investigation of the sector stating that it will consider splitting investment and retail banks, the populist idea favoured by UK Business Secretary Vince Cable and others.