BBC NEWS our Gord has defended his appointment of “Sir” James Cosby the ex- HBOS chief.
Gord was Chancellor at the time but denies he knew about “problems” at HSBOS and blames an independent panel for recommending “Sir” James-“Mr Brown told MPs he appointed Sir James on an independent panel's recommendation and had not known at the time the FSA had concerns about HBOS.”
Mr Brown, who was giving evidence to a panel of select committee chairman in his twice yearly appearance before the Commons liaison committee, insisted whistleblower Paul Moore's allegations had been investigated by the FSA and found to be without substance.
He added that the problems alleged by Mr Moore were not the reason HBOS fell: "It was because its whole business model was wrong."
HBOS and Sir James have both denied Mr Moore's allegations, but it emerged on Tuesday that the FSA had warned the merged Halifax/Bank of Scotland group about its business model.
So we have a chancellor that doesn’t listen to warnings about the financial sectors greed and mismanagement, who then becomes Prime Minister and doesn’t listen to anyone about anything, because it is all “someone else’s fault”.
Do we really want a Government unwilling to take responsibility and a PM who won’t apologise?
I don’t.
“The ultimate priority of humanity should not be to savour the power given to us, but rather to account for the according responsibility.” Harrison Christian
Angus
Angus Dei on all and sundry
NHS Behind the headlines
NHS-THE OTHER SIDE
Gord was Chancellor at the time but denies he knew about “problems” at HSBOS and blames an independent panel for recommending “Sir” James-“Mr Brown told MPs he appointed Sir James on an independent panel's recommendation and had not known at the time the FSA had concerns about HBOS.”
Mr Brown, who was giving evidence to a panel of select committee chairman in his twice yearly appearance before the Commons liaison committee, insisted whistleblower Paul Moore's allegations had been investigated by the FSA and found to be without substance.
He added that the problems alleged by Mr Moore were not the reason HBOS fell: "It was because its whole business model was wrong."
HBOS and Sir James have both denied Mr Moore's allegations, but it emerged on Tuesday that the FSA had warned the merged Halifax/Bank of Scotland group about its business model.
So we have a chancellor that doesn’t listen to warnings about the financial sectors greed and mismanagement, who then becomes Prime Minister and doesn’t listen to anyone about anything, because it is all “someone else’s fault”.
Do we really want a Government unwilling to take responsibility and a PM who won’t apologise?
I don’t.
“The ultimate priority of humanity should not be to savour the power given to us, but rather to account for the according responsibility.” Harrison Christian
Angus
Angus Dei on all and sundry
NHS Behind the headlines
NHS-THE OTHER SIDE
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