Thursday, February 12, 2009

The hardest word?

What exactly are we after from these top bankers - or ex-bankers actually - who are appearing before the Treasury Select Committee? They've all said they're sorry - more than once - but apparently that's not enough. What are we looking for? That they should stand in the stocks and be pelted with rotten fruit and veg? That they should get down on their hands and knees and lick our boots? Just what? Clearly with the benefit of hindsight, they made mistakes. Hindsight is a wonderful thing - I imagine most of you, looking back, can identify things which you wish you'd done differently. I certainly can. But the question is, were the decisions we took back then clearly bad or wrong at the time - and I would guess that the answer to that would be no. And that's what we have to look at where these bankers are concerned. Should they have known better at the time? And I didn't really hear that avenue explored - it was all "how do you feel about it now?" which to my mind doesn't really achieve anything useful.

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