Friday, May 1, 2009

Astonishing mess

The Treasury Committee have been putting the boot in on the banks in the wake of the credit crunch. Seems a bit rich to me really, considering that the Treasury Committee has ultimate responsibilty for the regulation of the financial systems.

From the Parliament website :-

The remit of the Treasury Committee, as determined by the House of Commons, is to examine the expenditure, administration and policy of HM Treasury, HM Revenue & Customs, and associated public bodies, including the Bank of England and the Financial Services Authority.

I'm not saying that it isn't the banks fault, but it just seems funny that it seems like a good subject for MP's to get themselves on the news about. Gordon Brown is getting his fair share of stick as the previous Chancellor, but the finger wagging from other MP's is a bit of the pot calling the kettle black

It's not as if the MP's have exactly covered themselves in glory recently. You could argue that bankers have been abusing the system for personal gain and without due care for the impact on the taxpayer

Hang on - doesn't that sound a bit like the MP's expenses debacle recently. Surely not.......

No comments: