Sir Fred "The Shred" Goodwin humbled as Gordon Brown demands his pension

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Uploaded by on Feb 28, 2009

His reputation has been devalued as savagely as the toxic debts on the books of the Royal Bank of Scotland and the humbling of Sir Fred "The Shred" Goodwin, the bank's former chief executive, continues.

Yesterday, another battalion of troubles arrived he is to leave his post as chair of the Prince's Trust; the Lothian and Borders police has launched an inquiry into his handling of the RBS rights issue; and he will have to appear before the tough Treasury Select Committee of MPs.

Once one of the most fabulous figures in finance, garlanded with honorary degrees, a knighthood and millions of pounds in bonuses, this son of Paisley, turned master of the universe, had to resign as RBS chief executive in November, having watched the bank he did so much to build into one of the largest finance groups end up semi-nationalised. He has been voted "the world's worst banker" from a crowded field.

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  • Gordon Borwn knighted his close friend Fred the shred. Gordon Brown tells lies with a smile on his face. It was Gordons deregulation that allowed Fred the shred to rip off Britishn families. Brown did nothing to prevent Freds pension. Both Unemployment Brown and Fred the shred should have been hanged.

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