Polly's solution to the current banking woes is:
Brown needs a severe committee of those economists who were right when he was wrong - people to frighten the City, not to soothe its frightened feathers. Appoint the Richard Murphys, Will Huttons and Larry Elliotts not as City tsars but as City Savonarolas to flush out tax avoidance and evasion, to close down tax havens, to appoint honest non-executives to company boardrooms and institute a regime built on public trust.
Yes, trust is indeed important in banking. As we've seen actually, once that goes the whole system falls over.
It's just that Willy, Larry and Dick....as is well known, I don't even trust them to write newspaper articles for me so quite why I would trust them with running the banks is beyond me.
Seriously, a small time accountant and two journalists is what we need to save the banking system?
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October 14th, 2008 3:57pmI keep reminding everyone: Ken Dodd's still alive. Why not give him the job?