No-one with more than one brain cell is likely to be surprised by the allegations that the taxpayer-owned Royal Bank of Scotland, and other bankers have, over many years systematically filled their boots by forcing companies, specifically some hoteliers with property assets to grab, into administration in order to seize those assets on the cheap for their property divisions. It’s what bankers do, isn’t it?

And no-one should therefore be surprised by the pontifications of RBS ceo Stephen Hester in damage limitation mode at the London School of Economics in 2012 where he said “The current level of negative feeling is, in my view, particularly unhealthy. We need to reach a new compact with society where banks are better at balancing the interests of everyone who depends on them”.

Of course, when he said this the poor chap had absolutely no idea what was going on…

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