Moody Rewards British Government By Downgrading British Banks.

After the Bank of England, with the government's support, pumped a further £75 billion of taxpayers money into British banks, Moody's Investor Service has downgraded the credit rating of all but one of them. "We've done this because we have doubts as to whether the government would come to their aid again if they continue to behave like morons. We were pleased to see a bit of pocket-money given to them to make sure they can pay their obscene bonuses this year, but feel justified in taking this action because it helps us to blackmail the British government into resisting bank regulation. We call this our "Do as you're told or else policy."" Asked for his comments George Osborne, rumoured to be Chancellor of the Exchequer, said; "There is no need to panic, the British banking business is completely safe which is why I keep all my millions in overseas banks where taxation is virtually non-existant." We asked Mervyn King if this was why the Bank of England threw the £75 billion at the banks yesterday; "Absolutely not," he lied without blushing, "that was purely to boost the economy and employment because we worry very, very much about ordinary, common, little people."