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Posted by / 23-Sep-2017 11:24

And those who support free markets, such as the Conservatives, should be the ones fighting hardest to root out the crooks, crony capitalists, pirates and tax dodgers that do such damage to the cause.This is why Iceland was right to jail bankers - and Britain wrong to merely slap a few wrists and strip away a couple of knighthoods.Scammers take advantage of people looking for romantic partners, often via dating websites, apps or social media by pretending to be prospective companions.They play on emotional triggers to get you to provide money, gifts or personal details.Yet although the downturn was the most dramatic financial event for decades, we have not seen anything similar to the deep investigations and reforms unleashed in the United States.The HBOS report is expected to answer why more of its bankers were not investigated by the Financial Services Authority.The only enforcement action it took was against the head of corporate lending, fined £500,000 and banned from the financial services industry for overzealous promotion of aggressive expansion.

This is the bank, remember, fined £1.2bn after a US investigation found it was laundering money for gangsters and rogue nations, then discovered to be helping wealthy clients evade tax in dozens of countries.Its former boss became a government minister and then chairman of the British Museum; his non-domiciled successor keeps saying mistakes are all in the past as he seeks looser controls.Last week chancellor George Osborne said he understood public fury towards the sector.The authorities pursued bank bosses, chief executives, civil servants and corporate raiders for crimes ranging from insider trading to fraud, money laundering, misleading markets, breach of duties and lying to the authorities.Others still await trial after this fishing nation with fewer people than Sunderland stupidly tried to take on the world’s financial titans.

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We have one million people in financial services; it is our biggest exporter and a crucial chunk of our economy.