Tories Defend Lord Green, Tory Peer Who Ran HSBC, Over Tax Evasion Allegations

One HSBC Center

One HSBC Center (Photo credit: Wikipedia)

This is an amazing story of where the Tories are protecting a former minister, Lord Green, who was chairman of HSBC during a period of massive tax evasion, where the bank helped wealthy clients hide cash in Switzerland. The story has been reported in detail in BBC program, Panorama and also in the Guardian newspaper.  Check this out!

via Tories Defend Lord Green, Tory Peer Who Ran HSBC, Over Tax Evasion Allegations.

The Coalition government of David Cameron employed Lord King as an adviser on banking reform. Perhaps, it’s no surprise that despite banking scandal after scandal, few UK bankers have gone to jail?

Under David Cameron, ordinary people have suffered austerity and collapsing public services but wealthy bankers have been able to hide from the law. Why?

Thoughts?

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