Saturday, October 04, 2008

News from India

The following is from the web site "Top News", linked here: "The Executives of the Halifax Bank of Scotland (HBOS) are in Bangalore for a week to Halifax Bank Of Scotland To Out-Source 2000 IT Jobs To Indiameet possible partners for doing their IT work. This step of out-sourcing has been taken by the HBOS to cut-down on its expenditure. However, a leading newspaper reveals that the trip of 11 Executives has cost the company 45,000 pounds. " Wonderful that Britain's spooky Prime Minister waived the competition rules to save these creeps. Separately there are many reports that this same Halifax has today raised its mortgage rates for the second time in a week, read here. Poor old Lloyds Bank shareholders, soon to be brought low to keep a Building Society with such spendthrift executives afloat for a mere few extra weeks or months and salvage Gordon Brown's pride for even less time I would guess.

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