Mike Vickers' Blog

September 23, 2019

One Law for the Banks and One for Thomas Cook’s

Filed under: Bankruptcy, Corporates, economics, Johnson — derryvickers @ 3:14 pm

Warning that state intervention risked creating a “moral hazard” in future cases of companies on the brink, the prime minister hinted at possible government action against directors of travel firms who oversaw bankruptcies.

All very true: but opposite for the Bank Crash where the Government rescued them at a much greater cost to the State and the Country.
But were those directors ever sanctioned?

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