Barney Gumble wrote:
This is why I can see things from Pat Neary's perspective (Mr 630k Pension Lump Sum). If he'd shouted stop a network would have started a chorus about him being "too red tape", "not commercially minded" blah blah. He'd have been shunted into something inoccuous.
But based on what I've heard him say (and I can't remember the exact quotes) it seems that he wasn't really aware that his job was to police the banks. 'They should have known better' was the gist of his explanation as to why he wasn't out there checking what they were doing. It would be a bit like the Garda Commissioner confining all his men to barracks, and when told that criminals had gone on a rampage, saying 'But they know they aren't supposed to do that'. As if that is a reasonable response and the happenings were somehow unforeseeable. Bizarre.
Apologies yes. I didn't mean to say that he had offered this "perspective" as to why he did nothing.
The perspective I meant was that in general terms he had risen through the ranks and survived so what other kind of a regulator was he ever going to be ? A bit like the boss guy in Reggie Perrin....except the quote would "I didn't get where I am today by kicking up a fuss"