The Banking Crisis Rumbles On -the Real Problem the Banks Face

The Chairman of Barclays has resigned; one of the great and the good, who also serves of the board of the BBC has said that the buck stops with him, but it is not as simple as that. The buck also stops with many others. I do not expect Mr Diamond to last much longer and fully expect a number of people at Barclays to eventually have their collars felt by the long arm of the law, just as soon as the police and the prosecuting authorities can get their heads around what has happened.  Continue reading