Welcome to Financial Foot in Mouth

Unfortunately for our experts, the fact that their predictions may be expressed with admirable conviction does not always make them correct.

I believe the time has arrived for our persuasive forecasters to be held to account for some of their more wayward pronouncements – and, with your help, this website provides the opportunity to do just that.

And, to make things interesting, contributors will be entered into a quarterly competition and given the chance to win fine champagne or wine.

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We run a quarterly competition to find the best 'Foot in mouth' comment submitted by you, our loyal followers.

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Harriet Harman on (Sir) Fred Goodwin

Sir Fred Goodwin`s pension was said to be “unacceptable”, “money for nothing” and essentially a “severance payment” that he
“should not be counting on”.

Quote by: Harriet Harman (then Deputy Leader of the Labour Party)
Quote made on: 2009
Quote Submitted by: Yvonne Riley
Source: The Andrew Marr Show

Editor's Notes

Apart from incorrectly telling M.P.`s that the now Mr Goodwin had originally been knighted in 2004 for charity work, and not for services to banking, Ms Harman did rather get carried away with her invective about Mr Shred`s pension during her Sunday morning interview with Andrew Marr in 2009.  Despite her protestations, Fred still ended up struggling by with an initial annuity of some £342,000 a year.

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Published on: February 13, 2012

Gerhard Schroder(on the euro)

Our future begins on January 1 1999. The euro is Europe`s key to the 21st century.  The era of solo national fiscal and economic policy is over.

Quote by: Gerhard Schroder
Quote made on: 04/03/1998
Quote Submitted by: The Financial Foot in Mouth Team
Source: teameurope.info

Editor's Notes

Views about the euro can understandably change over time, but it is hard to conceive of greater Damascene conversion than that displayed by Herr Schroder in opposition in March 1998, when he said:

“The euro is a sickly premature infant, the result of an over-hasty monetary union.”

Contrast this with the pronouncements of the newly-elected Chancellor Schroder on December 31 1998:

“Our future begins on January 1 1999. The euro is Europe`s key to the 21st century.  The era of solo national fiscal and economic policy is over.”

Hmm.

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(3 votes, average: 9.33 out of 10)
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Published on: February 7, 2012