Shitty of London - (Insolvent Mess): Former Northern Crock CEO Adam Applecart has been nominated for a Life Peerage by Prime Monster Gorgon Brown after embezzling a record £24 billion of UK taxpayers' money to prop up the disaster-hit mobster slush fund he ran like a sweet shot.
Applefart, 49, has gone into the record book as the City of London's biggest disaster mastermind since Nick Leeson fleeced Barings of a mere £800 million in 1995.
He is now rumored to be made a minister at the Treasury in early 2008, charged with advising on government policy on wealth distribution.
Meanwhile Scotland Yard's Commander Yates, fearless investigator in the Cash-for-Honors scam, is remaining tight-lipped about reports that emails from Applegarth to Lord Levy discussing innovative money laundering schemes are to be made public sometime early next week.
Tony Blair is on life-support.