So, not content with overseeing LIBOR fixing, Lord Green was head of an organisation (HSBC) that was money laundering in the US. At last the opposition has picked up the thought, that it might not be good to have someone who was head of a bank, that was clearly either dishonest or incompetent (depending on which side of the conspiracy theory divide that you sit) in the Government. Really, Lord Green, how in all conscience do you sleep at night? Have you no scruples at all? Do you take no responsibility for your actions or in-actions?
HSBC to pay $1.9bn in US money laundering penalties
Link opens in new window (BBC News)
Did Lord Green really have no idea what was going on? All business leaders that I have worked with have known exactly what was going on in the businesses that they were charged to lead. That is what they are paid a high salary for.
It all smacks of more "rewards for failure".
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