The Wheatley Report was reported yesterday on Radio 4. The author is highly critical of the British Bankers Association of which Lord Green was chair from 2006 to 2010. He was also chair of HSBC during the same period which is also under investigation regarding LIBOR (as reported on the BBC).
So Lord Green was leader of an organisation that permitted, through complicity or stupidity, the manipulation of LIBOR and was chair of a failed bank that we have all bailed out. And for this level of incompetent action or irresponsible inaction is rewarded by the Coalition. He is now Minister for State for Trade and Investment. With his track record I am afraid I would not trust him to buy a Mars bar with my money. The destruction he has overseen and been responsible for is breathtaking.
I believe that it was a junior Government Minister on Radio 4 after Barclays was fined £290 million for it's part in fixing the LIBOR rate, that said that bankers were "lying cheating thieves". Very perceptive!
How you sleep at night I do not know, Lord Green? It was on your watch that this all happened. For goodness sake do the decent thing.
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