Anyway, your points are weak Fisy. Whether the SFO is staffed by idiots or not and whether they’ve been leant on by the UK government or not, there can be absolutely no doubt that the banks are worth taking a look at. Eva is doing just that (I forget whether she thinks the whole affair is bigger than Elf or bigger than Enron) and she’s neither an idiot nor susceptible to UK pressure.

And, it’s worth noting, given the result of the judicial review, your accusation that you link to is no longer valid.

http://www.icenews.is/index.php/2009/08/05/uk-serious-fraud-office-investigating-iceland/#comment-88377

http://www.icenews.is/index.php/2009/10/15/uk-sfo-iceland-trip-bearing-fruit/#comment-96439

And he did say :
>And think of it this way – if you’ve got the brains to untangle a complex web of financial deception/fraud are you going to stay with a poorly paid agency of the government? You would get a well paid job easily. It’s more profitable to be a poacher than a gamekeeper. Sure, the SFO work is steady – in fact it’s a job for life – but a good trader will take home 10/20/30 times the pay of an SFO investigator.

It is very true enough. There are no Eva Jolys working there at UK FSO for sure.

They are worried for they jobs and will do what current government administration — Brown for next few months — does tell them to go after.

“if you’ve got the brains to untangle a complex web of financial deception/fraud are you going to stay with a poorly paid agency of the government?”

Same argument applies to CPS (Crown Prosecution Service).

I was intrigued by the use of the words “Kaupthing board has hired the services of the respected solicitor.” Is there such a creature amongst criminal defence lawyers?

The issue isn’t their success but the number of cases they actually take to court: it measures tens each year. Really, they should be nailing hundreds but they simply don’t have the resources. Also financial crime is really difficult to spot unless there is a failure of some sort, or if a whistleblower gives the game away.

The SFO occasionally make a big mess-up which then hits the headlines.

And think of it this way – if you’ve got the brains to untangle a complex web of financial deception/fraud are you going to stay with a poorly paid agency of the government? You would get a well paid job easily. It’s more profitable to be a poacher than a gamekeeper. Sure, the SFO work is steady – in fact it’s a job for life – but a good trader will take home 10/20/30 times the pay of an SFO investigator.

Only once isn’t it?