Ping Crosby!

It's definity no laughing matter. Gordon Brown is doing the rounds dishing the dirt on whistleblower Paul Moore's allegations about HBOS. Brown said it was had been investigated by the FSA and found to be without substance. Somehow I don't think that will be the case in further investigations. Interestingly, the FSA today blurted out that they had advised HBOS of the risk element.

Gordon Brown's new spin line is that it was not about risk but that the "whole business model was wrong". He's not really that convincing. This will run a bit longer. I do not think Mr. Moore would say what he said if he had not some substance behind him.

Posted in: bail-out,banks,credit crunch,Gordon Brown,HBOS,James Crosby