• Home /
  • News / Banks Lack of Contrition Makes Me Angry Says David Ellesmere

Banks Lack of Contrition Makes Me Angry Says David Ellesmere


A recent story really made me angry, writes Labour's Parliamentary Candidate, David Ellesmere.

Lloyds has been fined for manipulating interest rates so they could reduce the amount of money they had to pay to the Government to bail them out in 2008. The amount they paid was£8 million lower than it should have been as a result.

Let’s just think about this. At a time when the banks had brought the whole global economy to the brink of catastrophe and they were completely reliant on the Government to stop them going bust, their first thought was how they could get one over on taxpayers.

Its the utter lack of contrition that gets me.

The Government has taken some small steps to reform the system but in reality theyve let the banks off the hook.

Given half a chance, theyd do the same thing all over again.


Do you like this post?


Please check your e-mail for a link to activate your account.
published this page in News 2014-08-18 12:24:39 +0100

The Labour Party will place cookies on your computer to help us make this website better.

Please read this to review the updates about which cookies we use and what information we collect on our site.

To find out more about these cookies, see our privacy notice. Use of this site confirms your acceptance of these cookies.