Wednesday, 11 February 2009
Wrong about the Treasury committee
Here was me thinking this morning that the bankers would smooth over any inappropriate talk, say sorry and disappear back to their mansions to live in champagne and shame.
How wrong I was, for Paul Moore's letter is pure dynamite; It is reported at length elsewhere.
The nub is though that HOS was brazen in trying to avoid whistleblowers. This has scandal like Enron and Worldcom written all over it.
Moreover, we warned last summer about the insanity of appointing the ex-HBOS head as the man to advise Gordon to save the UK financial system. Crosby was one of the blind leading the blind; he is not the man to lead us out of the desert.
This story will run and run; Crosby or his report cannot survive credibly.