Watching the Bank Chief Executives before the Government panel - these politicians are unbelievable idiots! There should be at least some level of understanding of finance before they are put there on the panel. One of the Labour politicians,a Cousin, asks - Did you know that your mortgage portfolio had exposure to exchange rate risk? What kind of a dumb question is that! Its an international bank for crying out loud - of course, they would have exchange rate risk!!
They are turning it into a purge.....
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