The man who was screwed by Alistair Darling
- The former US Treasury Secretary's new book tells of Russian plots and prayers over the financial crisis as well as being screwed by Alistair Darling.
Who was to blame for the collapse of Lehman Brothers? The UK it seems, according to former US Treasury chief Hank Paulson who has repeated his accusation that the UK “screwed” the US over the rescue of the failed financial giant.
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The Bottom Line:If Mr Cable has his way...
"If Mr Cable had his way, all the big banks would be broken up and bonuses would be virtually eliminated - a sure-fire way in my view of guaranteeing an end to the UK’s ability to compete as an international financial centre. Let’s not forget that this is a man who is on record as saying that everyone who works in a bank has an ‘aristocratic lifestyle’ clearly demonstrating his lack of understanding of the sector." A tough line on bankers’ bonuses could make a brain drain of financial talent a distinct possibility, warns Paul Marsden. Read more