Peter Hoskin

Bonfire of the vanities

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The Treasury Select Committee's evidence session with the bankers (which you can watch live here) makes for great soap opera.  We've had contrition, grim confessions, audacious defences, and denial after denial after denial.  John McFall kicked off the whole thing saying that he wants to discover "what went wrong".  For me, it brought to mind Paul Myner's claim, last October, that no-one - not even the Government - can escape blame for the situation.  Just imagine if everyone - Gordon Brown, Alan Greenspan, the professional speculators and, yes, the bankers - were being forced in front of the cameras.  Now that would be a bonfire to behold.