Should Sir Fred, the former CEO of RBS, voluntarily return part of his million dollar pension?

Sir Fred was granted a £16 million pension pot as part of an agreement to leave the bank last year. This generates a pension worth in excess of $1 million a year.  But RBS is now majority owned by the British Government, and on Thursday declared the largest corporate loss in UK history.

The Prime Minister, Gordon Brown wants to claw some of that money back. There are icy letters between Sir Fred and the government minister Lord Myners setting out their "You agreed to it" and "Oh no I didnt" argument.

Legally? The money is probably Sir Fred's to keep. He can't be blamed if government and bank foolishly didn't read the small print, allowing him to fill his boots with cash. Morally? Ahhhh, now we enter a different world.

Sir Fred agreed to take a smaller payoff when he left RBS because it was the right thing to do – he called it a gesture. And now he says he has made enough "gestures." He is keeping his pension "entitlement."

Lord Myners puts his view bluntly: "I hope that on reflection you will now share my clear view that the losses reported today by the bank which you ran until October cannot justify such a huge award."

So there you have it. "We want the money back" shrieks one side. "You aint getting it" shouts the other.

Let me go out on a limb here – if I were Sir Fred, would I give the money back? If I honestly believed the government knew about the pension, and had agreed to it? I will forever be known as one of the worst bankers in the world. My place in financial history is unfortunately secured. So why not just take the money ... I can live in luxury whatever people maybe saying.

What would you do?

The last few days have been turbulent on the market. Not surprisingly, ordinary investors are wondering what on earth is going on.

How can it be, after so much time and money has been spent on the economies of the world, that the market still won't show any signs of recovery?

The answer is because the crisis has moved into another phase. We have gone from a sub-prime collapse in the U.S. housing market, through to a general banking crises based on highly exotic financial instruments - and now into a deep industrial recession in the world's major economies. And it is this part that is now causing markets to fall.

On average, there was a 33 percent fall in Q4 earnings for the 394 companies in the S&P that reported since mid-January according to Bloomberg.com.

So it is clear that the market believes many stocks to be overpriced, based on the companies' existing and future earnings. With downgrades in economic growth for economies like the U.S., Germany and the UK, it's a wonder investors haven't sold even harder. Perhaps they now are catching up

For investors, these are simply horrible days. What to do? Sell into a falling market? Take a risk and buy cheap (I assure you this isn't a case of "Buy on the dips... you may be buying at the top of the next down section of the rollercoaster).

In short - no-one knows. And that's the problem.

Sorry. If you had hoped I would tell you whether to buy or sell, then you are fuming right now. "Not much good Quest," I hear you say.

So tell me then, what should we do?

While insightul reporting on economic upheaval are what makes Quest Means Business a must-see for most people, for some discerning viewers it simply comes down to presenter Richard Quest's unexpectedly melodic appeal.

The anchor's distinctive tones, and his enthusiasm for social network medium Twitter, have prompted fans to set samples of his show to music and post the results on YouTube.

"Deep Hypnotic State," which takes its title from something Quest has apparently uttered live on air, starts with applause and a thundering bassline, before throwing in classic soundbites from the man himself.

While it might not take the charts by storm, Quest has told its creators that he is "seriously impressed" with the remix.