Sunday, January 18, 2009

Brown urges banks to 'come clean'

He does does he? How come he never asked them in detail about their so-called toxic loans before he handed out taxpayers' lines of credit (it isn't real cash!)? He really takes the biscuit for his affrontery!

He told the Financial Times the banks had to "come clean" about these bad debts so people could trust them again. How about him "coming clean". As Vince Cable says, in his excellent article in the Mail on Sunday, "The Government wants the banks to come clean on their bad debt. Why on earth weren’t they asked to do this when they first obtained help from taxpayers?"

The answer is that both Brown and Darling are skirting around the problem in order to keep their electoral chances alive. Forget all that. They will fare a lot better with the electorate if they do what is right, which is forensically obtaining the facts. If some banks go to the wall, so be it. Far better a dodgy bank goes down the pan than the WHOLE COUNTRY!!

No comments:

Post a Comment

Related Posts Plugin for WordPress, Blogger...