It’s not that I’ve got it in for Barclays

….but really. They’re making it easy for me over there. This time, according to the BBC, they misled shareholders about the nature of their 2008 Middle-East bailout.
Actually, whilst rather naughty (and certainly more than a “drafting error”, as they are trying to suggest), there’s nothing particularly heinous about this particular screw-up. I’m not sure anyone really believed there was much separation between the investors and their states. Most Abu Dhabi investment certainly seems to originate from sovereign wealth funds anyway.

So I guess this is a non-story. Which makes this a non-blog. But I’ve written it anyway.


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