Sunday 15 February 2009

£10bn of losses? Let's do it anyway.

The Financial Services Authority predicted that HBOS would make the £10bn of losses it announced this week.

Lord Turner, FSA chair, admitted so this morning on Marr.

If it was known to the FSA, who were party to the Lloyds merger deal discussions, it must have been known to the Government.

Ken Clarke said the merger had been a disaster for the tax payer and for Lloyds this week.

As Rory Bremner put it this morning, “if you’re a Lloyds shareholder, look away now.”

1 comment:

Oldrightie said...

When and how will it all end? Brown is clearly off his trolley and the long predicted white coats must be under starters' orders!

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