Watching Newsnight at the moment discussing the Barclays Libor scam scandal.
Lack of regulation is being identified as the main cause (but as Emily Maitlis pointed out, there was also a lack of morality).
Former City Minister Lord Myners, representing a government which was supposed to have been watching and regulating on our behalf, is spluttering with obviously false indignation. Yes, senior executives at Barclays should go to gaol, but they should chuck Lord Myners in with them since he was so obviously negligent - that government was asleep on the job.
How much extra interest have mortgage payers had to pay as a result of this scandal?
Will they get refunded?
Lack of regulation is being identified as the main cause (but as Emily Maitlis pointed out, there was also a lack of morality).
Former City Minister Lord Myners, representing a government which was supposed to have been watching and regulating on our behalf, is spluttering with obviously false indignation. Yes, senior executives at Barclays should go to gaol, but they should chuck Lord Myners in with them since he was so obviously negligent - that government was asleep on the job.
How much extra interest have mortgage payers had to pay as a result of this scandal?
Will they get refunded?
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