John McFall, the chairman of the Treasury Select Committe, has just caused a minor frisson while giving evidence to the Scottish Parliament Economy Committee. He described the previous system of financial regulation as a "soft touch" and that the "FSA were deficient in prudential regulation".
You could say that was stating the bleedin' obvious, and it is. But it is also a clear jibe at the man who set up the system of financial regulation, one Mr G Brown, soon to be late of this parish.
To be pedantic he's actually Dr G. Brown. Though by strange irony Mr McFall would describe him up equally well.
ReplyDeleteMcFall is a Labour toady who is never critical of Brown even though his loyalty should be to Parliament, not the Labour Party.
ReplyDeleteA bit late for him to bite the hand....
I'm currently sitting in the BA lounge at Edinburgh airport, looking at a clearly agitated John McFall, pacing the floor around the bar area, mobile stuck to his ear.
ReplyDelete