How many of you were mis-sold Endowment Mortgages, or wanting to take out a loan were sold expensive insurance policies which were of little value and not even necessary. Small businesses have been saddled with expensive financial arrangements they can hardly afford. On top of all that we have the Libor Scandal, the sub prime mortgage fiasco which caused the collapse of the banking system. And it doesn’t and won’t stop there.
All of this has caused this recession, unemployment and financial hardship for many.
And the Conservatives want a quick inquiry into what went wrong and how to put it right. This isn’t good enough. The chairman of the inquiry doesn’t want a ‘witch hunt’. I do. I want those responsible named and shamed. I want those who were involved in misdeeds facing criminal charges and if necessary prison. I want their bonuses reimbursed. But it won’t happen. The Tories will let their rich chums off the hook in a partisan inquiry which should have been led by a independent and impartial judge. Not good enough.