Alistair Darling has uttered a half truth about Kamikazi Bankers, unfortunately Darling you gave the ‘Divine Wind’ of Corporatism a lifeline to carry on. Literally you gave them thousands of ‘Zeros’ in days without any preconditions in days because you were scared and your master was panicking.
I know for fact that State owned Banks are still bankrupting SME’s, changing the rules, back tracking on finance agreements to save their scrawny necks. Necks that should have been stretched by bankruptcy.
Yet again it was Party not Country first with you Alistair, you are the last person to be bringing in regulatory reform, slaming the stable door after the horse is three miles away in a field.
A tough chancellor would have allowed the affected banks to fail, and broken them up, if you have to prop up a bank with our money, it should have been with smaller more regional banks, not megacorp.