Fred Goodwins House Shredded

Online Stock Trading - Group Claims Responsibility for Shredding Fred Goodwin's Edinburgh House

The Edinburgh house of Fred Goodwin, disgraced ex-Chief Executive of Royal Bank of Scotland, who enjoyed the nickname of Fred the Shred, while he was in charge at RBS, was slightly shredded itself last night. It had a number of windows smashed and a car in the drive of the house was vandalized l by a direct action group that has stated that further action will be taken.

The statement from the group said: "We are angry that rich people, like him, are paying themselves a huge amount of money, and living in luxury, while ordinary people are made unemployed, destitute and homeless."

"This is a crime. Bank bosses should be jailed. This is just the beginning."

It was originally thought this attack was carried out by a lone individual and this statement by an unknown group has come as a bit of a shock.

The police are appealing for witnesses.

(... Fred Goodwin atop his pension pot)

RBS is currently paying £290 a month for security for Goodwin at his Edinburgh home. This is "normal practice" for departing senior executives. It seems that getting other people to pay for things you need is a very good way of hanging on to your own cash.

(... Fred's House in Edinburgh)

The attack comes on the heels of the anger many people feel around the world at the bonuses bankers have been paying themselves for their outstanding performance of wrecking the world's economy and making millions of people unemployed. Fred Goodwin himself has left RBS with a pension of £703,000 (over $1 million) a year for the rest of his life (he is 50 years old). He has received this despite destroying the bank he was working at and has refused to pay any of it back despite being urged to do so by members of the Labour government.

There are plans for a series of demonstrations to be held in the heart of the London's financial district next week to reflect the anger felt throught the UK towards the fat cats in the City and MPs to coincide with the G20 summit of world leaders

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