Quote:
Originally Posted by Hugh
So if Labour are to take the credit for the Financial Sector creating so many well paid jobs, should they also take the responsibility for the problems caused by the growth, and subsequent crash, that came from the same sector?  |
What you mean take responsibility for the 'risk takers' they feted, doled out gongs to and failed to regulate effectively? Fat chance!
At least unravelling the extent of what was and has been going on is happening and huge fines are being levied on those institutions responsible for it. Brown was too busy spending all that tax revenue to be too bothered about where the money was coming from or listen to those insiders blowing their whistles.
http://www.independent.co.uk/news/uk...r-1622467.html
It seems he preferred to hear what this guy had to say:
Quote:
James Robert Crosby (born 14 March 1956 in Leeds) was Deputy Chairman of the Financial Services Authority from January 2004 until he resigned on 11 February 2009. He had previously been the chief executive of Halifax Bank until its merger with Bank of Scotland to form HBOS, of which he was Chief Executive until 2006.[1] On 3 December 2012 Crosby was required to appear before Britain's Parliamentary Commission on Banking Standards.[2]
Crosby was knighted for services to the financial industry in 2006, but offered to renounce his knighthood in 2013 following the official report into the collapse of HBOS.[3] The Honours Forfeiture Committee considered his request[4] and his knighthood was formally cancelled and annulled on 6 June 2013.[5]
|
http://en.wikipedia.org/wiki/James_Crosby_(banker)