Wednesday, November 20, 2013

Bad mortgages, bad loans and even worse management

Co-op Group's root and branch review should have taken place decades ago

"Management by committee – or rather dozens of committees – bred a culture of cliques and cronyism. "Manifestly unsuitable" – Treasury select committee chairman Andrew Tyrie's description of Flowers – applied even before the hard drug, and now pornography, allegations. The PRA must explain why it didn't intervene". ..and now the Chairman has resigned. Didn't anyone tell Tyrie that nothing has been done to reform banks and banksters since the last disaster in 2008?

Posted by alan @ 12:58 PM (1215 views)
Please complete the required fields.

Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>