Why have an inquiry into the banks when the politicians are to blame?
He argues that there is no need for a Libor inquiry and argues this sort of excess and dishonesty is bred by the boom stage of the boom-bust cycle. He argues we would be much better off investigating and curbing the excess and dishonesty of poiticians who created an artificial and unsustainable boom.
Read the article in full on ConservativeHome here.
Summary
Dr Eamonn Butler writes on ConservativeHome on why the corruption of our economy and financial system is down to politicians, not bankers.