There could be another crisis in banking, says whistleblower

Monday 26th September 2011, 2:30PM BST.

Paul Moore HBOS whistleblower WHISTLEBLOWER Paul Moore (pictured) will not rule out a repeat of the 2008 banking crisis.

The former head of regulatory risk at HBOS was in the island to speak at the latest Guernsey Association of Compliance Officers’ seminar.

He talked to the association about the implications of the banking crisis and the story behind the demise of HBOS, which saw him in 2005 approach the company’s executives and warn them about the risks they were taking with financial stability and consumer protection.

The board reacted by sacking him and offered him a financial settlement on condition that he never spoke about the warnings he had given.

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1
eddie

September 27, 2011 at 8:14 am

It is happening again but on a much bigger scale, then the IMF steps in and goodbye democracy. hello New World Order. The banksters are on a Looting spree.

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2
Scarlett

September 27, 2011 at 9:41 am

ah-ha! That must be why our States are spending money like water…

when it’s all gone and the 2nd wave appears, we’ll have nothing more to lose!

Genius. Well done, guys.

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