Friday, September 25, 2009
51 foxes guarding the hen house. What can go wrong?
Alistair Darling will on Friday appoint a Treasury â€œenforcerâ€ to oversee the biggest and perhaps riskiest deal the government has signed: the Â£585bn toxic asset insurance scheme. Stephan Wilcke, a former management consultant and private equity boss, will lead a team of up to 50 staff to enforce the insurance contract and ensure that Britainâ€™s part- nationalised banks properly manage their impaired loans.