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    The headline highlights exactly what is going on all the time with the super rich and powerful

    elite greedy pigs and the nasty party who bend over backwards to protect and support them

    while millions struggle............Ossie announces he has launched a legal challenge against

    the EU`s plan to cap bankers bonuses ????

    'Let's discuss kickbacks over lunch': Tory donor's firm fined £55m over Libor fixing

    Traders' emails reveal shocking conspiracy at Icap, the financial company owned by former

    Conservative treasurer and prominent party donor Michael Spencer - now bankers face 30 years in jail

    One of the Conservatives' most powerful and generous donors is at the centre of a political and financial

    storm after City watchdogs savaged his firm for its role in the Libor interest-rate fixing scandal.

    Icap, the company founded by the former Tory treasurer Michael Spencer, has been fined a total of

    £55m by regulators on both sides of the Atlantic - £14m in Britain and £41m in the US - while three

    former employees responsible for the misconduct have been charged in New York with conspiracy to

    commit fraud and wire fraud. The New Zealand national Darrell Read and Britons Daniel Wilkinson and

    Colin Goodman face up to 30 years in prison if convicted.

    The news is particularly uncomfortable for the Conservatives as it emerged on the same day that

    George Osborne announced he had launched a legal challenge against the European Union's planned

    cap on bankers' bonuses.

    The Labour leader Ed Miliband sought to draw a distinction this week between his party as a champion

    of ordinary people, and the Tories as the friends of the rich and powerful.

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