A couple of UK local authority pension funds who own shares in RBS are launching a class-action lawsuit in the US against the bank's former management (Sir Fred et al) to try to recoup their losses. To represent them the've chosen....Cherie Blair. Well, at least it isn't hard to figure out who's the likeliest to get rich as this case plays out. (If you need a clue, it's not Sir Fred and it's not the pension funds).
In her professional capacity, Cherie normally uses her maiden name, Booth. As in tollbooth, I suppose, as nobody seems to get past her with their wallet intact. The most delightful thought of all is that if the pension funds win their case, they (and Cherie) will presumably be looking to the UK taxpayer to fork out the compensation. You can just imagine how pleased Gordon Brown will be if he has to sign that cheque.
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