UKC

Asked if that meant Labour did not fully understand it while he was in power, he replied: "No, we didn't."

http://www.guardian.co.uk/politics/2012/jul/22/tony-blair-labour-financial-...

In reply to teflonpete:

Think it's the most honest i've read him being.

In reply to teflonpete:As far as one can tell that is.

In reply to teflonpete:

It's only really be revealed what a load of chiselling cheating bastards the banking sector are, even now.

http://www.bbc.co.uk/news/business-18944097

Other findings in Mr Henry's report include:

At the end of 2010, the 50 leading private banks alone collectively managed more than $12.1tn in cross-border invested assets for private clients

The three private banks handling the most assets offshore are UBS, Credit Suisse and Goldman Sachs

Less than 100,000 people worldwide own about $9.8tn of the wealth held offshore.

Now, surely, UBS Goldman Sachs and Credit Suisse were deeply involved in the whole banking collapse?

UBS suffered amongst the biggest losses of any European bank, Goldman Sachs are not a gold standard for being run by nice people, and as for Credit Suisse, see http://en.wikipedia.org/wiki/Credit_Suisse#Criticisms

In an article published by Reuters on February 23, 2008, Brazilian public prosecutor Karen Kahn announced that several employees of Credit Suisse as well as others from UBS, Clariden Leu and AIG were under investigation by federal authorities.[10] In 2007, police arrested 20 people, including bankers at UBS, Credit Suisse unit Clariden and AIG Private Bank after the discovery of illegal activities including money laundering, tax evasion, fraudulent banking and operating without a banking license.[11] During the course of Operation Switzerland in 2008, Christian Peter Weiss and 13 other employees of Credit Suisse were arrested in Rio de Janeiro for helping operate an illegal money transfer scheme.

In reply to teflonpete:

Blair left downing street and walked straight into a seven figure consultancy role within our glorious banking sector. His son also now has a Job in investment banking.

I'm not going to say there isn't an honest bone in his body because there is: it's the funny bone....

Jon

In reply to teflonpete:

No. Blair at his most deceitful. I cannot believe that people who orchestrate the affairs of state don't get it and have no specialist advice on tap constantly that does consider such things in depth.

The hoopla that politicians appear to play for the benefit of the public is just obfuscation. You are misled.

In reply to teflonpete:

Blair said: "A vibrant financial sector is also a very important part of our future. Take the necessary steps, but realise that thriving and healthy banking sector is a major part of the modern British economy and will also be so."

Tony giving his unbiased* opinion.

*In January 2008, it was confirmed that Blair would be joining investment bank JPMorgan Chase in a "senior advisory capacity"[157] and that he would advise Zurich Financial Services on climate change. Some sources have claimed that his role at JP Morgan will pay more than $1m a year.[157] This additional salary will contribute to annual earnings of over £7m.