A whiff of familiarity in Mandelson’s 2009 collusion with the banks
For Labour veterans of the financial crisis the Epstein files revealed a betrayal – but 16 years on, is the City calling the shots? Today’s advocates of a windfall tax on the UK’s highly profitable banking sector detected a whiff of familiarity in Peter Mandelson’s suggestion, back in 2009, that JP Morgan should “mildly threaten” the chancellor.Feeding a Wall Street financier market sensitive titbits was an extraordinary breach of trust – perhaps even illegal, it seems – but for Labour veterans of the financial crisis, Mandelson’s collusion with the banks against his own colleagues was the worst betrayal. Continue reading...
For Labour veterans of the financial crisis the Epstein files revealed a betrayal – but 16 years on, is the City calling the shots?
Today’s advocates of a windfall tax on the UK’s highly profitable banking sector detected a whiff of familiarity in Peter Mandelson’s suggestion, back in 2009, that JP Morgan should “mildly threaten” the chancellor.
Feeding a Wall Street financier market sensitive titbits was an extraordinary breach of trust – perhaps even illegal, it seems – but for Labour veterans of the financial crisis, Mandelson’s collusion with the banks against his own colleagues was the worst betrayal. Continue reading...
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