Friday, October 31, 2008
Alistair Darling was alerted to the possibility of a meltdown of Icelandic banks ‘weeks’ before they
Alistair Darling was alerted to the possibility of a meltdown of Icelandic banks 'weeks' before they collapsed, taking billions of pounds of British savers' cash invested in them. A transcript of a private telephone conversation on October 7 between the Chancellor and an Icelandic government minister shows that Mr Darling had been 'very concerned' about the country's banks well before they failed. REVEALING TRANSCRIPT Last night, Liberal Democrat Treasury spokesman Vince Cable said the revelation was 'very disturbing' and called on the Chancellor to make a statement to the Commons tomorrow.