Tuesday, January 11, 2011

Barclays Boss Bob Diamond Says Banks Should Be Allowed to Fail

THE DAILY TELEGRAPH: Bob Diamond, Barclays' chief executive, has told a committeee of MPs that badly-run banks should not be bailed out by taxpayers.


"It is not acceptable for taxpayers to bail out banks," Mr Diamond said during questioning by the Treasury Select Committee. He added that "badly managed" banks should be allowed to fail. >>> Louise Armitstead, and Amy Wilson | Tuesday, January 11, 2011

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