Andrew Lilico writes for City AM
Let’s start with the idea of introducing a new criminal offence of running a bank in a “reckless manner”. Following the treatment of senior bank executives in recent years, almost no prudent and skilled person will want to run a bank – doing so means public mockery, the reneging on all the undertakings made to you about salary, bonuses, pensions, and tenure, and the likelihood that your reputation will be so destroyed that you will be toxic and unemployable thereafter. But just in case anyone hadn’t yet been put off, the Commission says you should be vulnerable to being locked up, on a political whim.
Continure reading here.