Vandals have attacked the home of controversial former bank boss Sir Fred Goodwin.Windows at the ex-Royal Bank of Scotland chief executive's Edinburgh villa were smashed during the attack and a Mercedes s600 car was damaged.

A statement was issued to Scottish media organisations shortly after the attack.
It said: "We are angry that rich people, like him, are paying themselves a huge amount of money, and living in luxury, while ordinary people are made unemployed, destitute and homeless.

"This is a crime. Bank bosses should be jailed. This is just the beginning."
It is not known if anyone was in the house at the time of the attack or who reported the vandalism.

A Lothian and Borders Police spokeswoman said: "We can confirm we attended at an address in Morningside around 4.35am today.

"Inquiries in relation to the incident are ongoing. We are appealing for witnesses."

Sir Fred is at the centre a row about his £700,000-a-year pension from RBS which was rescued from collapse by a taxpayer bail-out.

He rejected Government pressure to accept a reduction in his package, insisting that changes to the early retirement deal he negotiated when he was forced out in the autumn were "not warranted".

The massive payout was branded "obscene" and "grotesque" by MPs and "unjustifiable and unacceptable" by Prime Minister Gordon Brown.

Earlier this month, Labour deputy leader Harriet Harman said the Government was taking "all steps" to challenge the enforceability of his pension contract.

Asked if the Prime Minister had sympathy for Sir Fred, a No 10 spokesman said: "On the specific question of damage to his property, there can be no excuse for people breaking the law."

Dubbed "Fred the Shred" for his ruthless cost-cutting, Sir Fred boasted of catapulting RBS "to the top of the premier league" with a £49 billion deal to capture Dutch rival ABN Amro in 2007.

But the acquisition proved disastrous for RBS as the credit crunch gripped markets - exposing the bank's weak balance sheet and bringing the firm to the brink of collapse.

RBS is now nearly 70 per cent owned by the taxpayer after a £20 billion bail-out.

Last month the bank unveiled a record £24.1 billion loss and plans to raise up to £25.5 billion from the taxpayer.
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