Pound signs blind politicians to the flaws of financial titans

David Cameron (Victoria Jones/PA)

(Picture: PA Archive)

THIS week, the banks presented their latest results. As Lloyds, Barclays and NatWest displayed yet again, they’re capable of generating humongous profits. Once more, we’re invited to bask in their brilliance.

Politicians are peculiarly prone to this. Memories are short and they fail to remember 2008, when the world was brought to its knees by the greed of some bankers and banks had to be rescued by the taxpayer.