Devastating evidence given to the Treasury Select Committee today by Lord Turner, new-ish head of the FSA, set up by one Gordon Brown and his side kick Ed “So Weak” Balls.
“In damning evidence to the Treasury select committee, Financial Services Authority chairman Lord Turner said there was clear “political” pressure not to question the business models of banks such as Northern Rock, HBOS and Bradford and Bingley.”
Started in America? No one could see it coming? Bigger boys did it and ran away?