So let me get this right, the SNP are accusing New Labour of trying to force through the merger of Lloyds TSB and HBOS, by any means necessary, even if this includes sullying the good name of the SNP appointed savours of Scottish banking, George Mathewson (right) and Peter Burt (left).
Bearing in mind that.. er … New Labour are bending over backwards to help Gordon Brown’s chum Victor Blank in his quest to take over HBOS, could the SNP not find better candidates to front their rescue of the Bank of Scotland than Mathewson and Burt. These are precisely the kind of bankers who sowed the seeds of the Credit Crunch.
Burt was the Chairman who oversaw (ie; was instrumental in) the “merger” of Halifax and the Bank of Scotland in 2000, a merger which saw Halifax’s lemmings over the cliff top like business plan adopted throughout the group. No good business sense shown there.
Mathewson, on the other hand, appointed and supported Scottish banking’s equivalent to Frankenstein’s monster, Fred ‘the shred’ Goodwin. His support of Goodwin culminated in the decision which has (almost) destroyed another Scottish institution, RBS. That decision can be described in 2 words. ABN Amro.
Ideal candidates to save The Bank of Scotland don’t you think?