28.9.08

Blooming good point

Reward without responsibility. Responsibility without accountability.

I don't pretned to undestand half of the workings and machinations betwen the City and our Governement, but I know what I don't like.

This makes a lot of sense to me.

... The malign role of the Big Four accountancy firms ("Spivs get rich. Greed prospers... ", 21 September). They aided and abetted the emergence of imprudent lending by banks. Henceforth, those banks deemed too large to fail should have their accounts audited by a government auditing agency. This would, in effect, act on behalf of taxpayers who will no longer tolerate picking up the tab for the banking sector's excesses.

And I can't see why not.

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