Banking fallout

Published on 12/02/2013 00:00

Your headline, “Another day of shame for Britain’s banks” (7
February) brought to mind 
Walter Allen’s reference (Letters, 5 February) to “the incredible but popular notion that Messrs Brown and Darling were solely responsible for the world banking crisis”.

Your headline, “Another day of shame for Britain’s banks” (7 February) brought to mind Walter Allen’s reference (Letters, 5 February) to “the incredible but popular notion that Messrs Brown and Darling were solely responsible for the world banking crisis”.

In his last big speech before becoming prime minister, made in Mansion House in June 2007, just as the financial crisis was about to break, Gordon Brown praised bankers for their remarkable achievements and predicted a new golden age for the City of London. His policy of “light-touch” regulation as Chancellor turned out to be disastrous for the UK.

Should we continue to put our faith in the judgment of the No campaign leaders?

JAMES STEVENSON

Drummond Avenue

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