I like the sound of this.....criminal prosecutions for bankers. The boy from Eton wants the Old Bill to take a look at some of those merchants in the city.
David Cameron last night expressed disbelief that financial watchdogs were not pursuing criminal investigations against banks and bankers who have caused the financial crisis. He compared the vigorous nature of inquiries in America to the lack of action among the City authorities. It is the furthest the Conservative leader has gone in demanding closer examination of any potential illegal behaviour by bankers.
He also claimed that Britain was now "the most indebted nation on earth". Mr Cameron told Jeff Randall Live on Sky News: "I think that we need to look at the behaviour of banks and bankers and, where people have behaved inappropriately, that needs to be identified and if anyone has behaved criminally, in my view, there is a role for the criminal law and I don't understand why is this country the regulatory authorities seem to be doing so little to investigate it, whereas in America they're doing quite a lot."
(From the Telegraph)
But does Dave mean it, or is he playing to the gallery?
Tuesday, January 27, 2009
David Cameron calls for criminal actions against bankers
Labels:
crash,
credit cards,
credit crunch,
Debt,
finance,
insolvency,
interest rates,
UK,
UK banking,
UK economy,
UK house prices
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