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[英伦广角] 【整理】2009-02-08 布朗是致使HBOS走向瓦解的"罪魁祸首"?

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[英伦广角] 【整理】2009-02-08 布朗是致使HBOS走向瓦解的"罪魁祸首"?

本帖最后由 jeanneleaf 于 2009-4-25 11:00 编辑

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Brown To Blame Says Whistleblower


The HBOS whistleblower sacked after he warned about reckless lending has told Sky News he will release more than 30 documents that prove Gordon Brown is to blame for Britain's banking crisis. Alistair Bunkall reports on the furore.



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【整理】

So who knew what, when and where do we point the finger of blame? The paper trail is working its way up Downing Street as allegations threatened to become corroborations. The charge is that Gordon Brown as chancellor knew that HBOS was taking risks and failed to do anything about it. Paul Moore the whistleblower says he has proof. The Prime Minister says there is nothing to prove.

"The reason that HBOS fell was not because of these specific allegations and the result of themThe reason it fell was because of its business model, its whole business model was wrong."

But not so, says Mr. Moore who claims to have 30 documents which showed that responsibility lies firmly at the feet of Gordon Brown. In a statement to Sky News last night, he said that “I have detailed corroborative evidence that supports my allegations, and I maintain in the strongest possible way that the KPMG report that Gordon Brown, the FSA and Sir James Crosby rely on will not withstand truly independent public scrutiny.”

 

It could very well be just the evidence that the opposition has so desperately wanted in order to link Gordon Brown to the financial crisis.

"These papers, if they bear out what Mr. Moore says will certainly be valuable ammunition for the Tories, in what they have been trying to do is link Gordon Brown directly to the failure of the banks to say that this crisis happened on his watch, and as chancellor he failed in the key job of monitoring and regulating the banks."

 

And the dark cloud of nationalization still hangs ominously over the Lloyds Banking Group. It's today defended decision to award bonuses to retail and commercial staff. But the troubled tie-up between Lloyds and HBOS is being criticized as a shotgun marriage.

The reason that Paul Moore's allegations are potentially so important is because for the first time in this financial crisis, accountability is creeping up towards the door of No.10, But at this stage they are still just allegations and some might say, from a man who has an axe to grind against a company who sacked him, it also remains to be seen just what are in those dirty documents that he intends to make available.

 

Alistair Bunkall, Sky News, Downing Street.

 

Paper trail: the written evidence of someone's activities;

tie-up : connection or association e.g. helpful financial tie-ups

bear out: support. For exampleFacts will bear out the statement.  

have an axe to grin: to have private interests to serveto have sth. to gain for oneselfto have a selfish reason

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hw

It's a whole new what when and whether we point a finger of blame.The paper tial is working its way up Downing Street as allegations threat to become corroborations.The charge is that Gordon Brown as chancellor knew that HBOS was taking risks and failed to do anything about it. Paul Moor,the whistleblower says he has proof.The prime minister says there is nothing to prove.


The reason that HBOS fail was not because of this specific allegations and result of them,the reason it fail was because its business model,its whole business model was wrong.

 

But not so,says Mr Moor,who claims to have 30 documents which show the responsibility lies firmly at feet of Gordon Brown.
In the statement in Sky News last night,he said that I have detailed corroborative evidence to support my allegations and I maintain in the  strongest possible way that the KPMG report that Gordon Brown ,the FSA and sir James Crosby rely on will not withstand truly independent public scrutiny.

It could fairly well be just the evidence that the opposition has so desperately wanted in order to link Gordon Brown to the financial crisis.


These papers,if they bailout what Mr Moor says would certainly be valuable amnimition for the tourist what they have been trying to do is linked Gordon Brown directly to the failure of the banks to say that  this crisis happened on his watch,and as chancellor,he failed in the key job on monitoring and regulating the banks.

 

The dark cloud of nationalization still hangs omniously over the LLOYDS Banking Group.It's today defendent's decision to avoid bonuses to retail and commercial staff.But the trouble type between LLOYDS and HBOS  being criticized as a shot gun marrige.

 

The reason that Paul Moor's allegations are potentially so important is because for the first time in this finacial crisis, accountability is creeping up towards the door of Number 10.Bosses decisions are still just allegations.And some might say for a man who has an axe to grind against the company who sacked him.It also who may seem just warned all the documents that intends to make available.Alistair Bunkall Sky News,Downing Street.

自信源于内心的强大

I can't imagine it any other way. A world without you is only wasted space.
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HW

 

It's a whole new what when and whether we point the finger of blame. The paper is trying to work its way up Downing Street as allegations threat to become corroborations. The charge is Gordon Brown as chancellor knew that HBOS is taking risks and fail to do anything about it. Paul Moore the whistleblower says he has proof, the Prime Minister says there is nothing to prove.

 

The reason that HBOS fail was not because of this spacifice allegations and the result to them, the reason it fails was because of its business model, its whole business model was wrong.

 

But not so to Mr.Moore who claims to have 30 documents which showed responsibility lies firmly on the feet of Gordon Brown. In the statement to SKY News last night, he said that I have detailded corroborative evidence that supports my allegations, and I maintain in the strongest possible way that the KPMG report that Gordon Brown, the FSA and Sir James Crosby rely on will not withstand truly independent public scrutiny to me.

 

It could firmly well be just the evidence the opposition has so desperately wanted in order to link Gordon Brown to the financial crisis.

 

These papers, if they bail out, what Mr.Moore says was certainly to be valuable / to the Lloyds, what they have been trying to do is link Gordon Brown directly to the failure of the banks to say that these crisis happened on his watch as chancellor he failed in the key job, monitoring and regulating the banks.

 

The dark cloud of nationalizations still hangs / on the Lloyds Banking Group. It's today defendant's decision to avoid bonuses to retail commercial staff. But the troubled tag between Lloyds and HBOS is being criticized as a short gun marriage.

 

The reason of Paul Morre's allegations are potentially so important, it's because for the first time of financial crisis, accountability is creeping on towards the doors of NO.10, / still just allegations and some might say, for a man who has an axe to grind against companies who sacked him, it's also who maybe seem just warned all those ducuments that intense to make available.

 

Alistair Bunkall, SKY News Dowing Street.
 

实现无障碍英语沟通
It's a whole new what when and whether we point the finger of blame. The paper is trying to work its way up Downing Street as allegations threaten to become corroborations. The charge is Gordon Brown as chancellor knew that HBOS is taking risks and fail to do anything about it. Paul Moore the whistleblower says he has proof, the Prime Minister says there is nothing to prove. The reason that HBOS fail was not because of this specific allegations and the result of them, the reason it fails was because of its business model, its whole business model was wrong. But not so says Mr.Moore who claims to have 30 documents which showed the responsibility lies firmly on the feet of Gordon Brown. In the statement to SKY News last night, he said that I have detailded corroborative evidence that supports my allegations, and I maintain in the strongest possible way that the KPMG report that Gordon Brown, the FSA and Sir James Crosby rely on will not withstand truly independent public scrutiny. It could firmly well be just the evidence the opposition has so desperately wanted in order to link Gordon Brown to the financial crisis. These papers, if they bail out, what Mr.Moore says was certainly to be valuable anminition to the Lloyds, what they have been trying to do is link Gordon Brown directly to the failure of the banks to say that these crisis happened on his watch that as chancellor he failed in the key job, monitoring and regulating the banks. The dark cloud of nationalizations still hangs oninmousltyon the Lloyds Banking Group. It's today defendant's decision to avoid bonuses to retail commercial staff. But the troubled tag between Lloyds and HBOS is being criticized as a short gun marriage. The reason of Paul Morre's allegations are potentially so important, it's because of the first time of financial crisis, accountability is creeping on towards the doors of NO.10, Busets says I still just allegations and some might say, for a man who has an axe to grind against companies who sacked him. It's also who maybe seem just warned all those ducuments that intense to make available. Alistair Bunkall, SKY News Dowing Street.
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On 寵唲




So who knew what, when and where do we point the finger of blame. The paper tray is working its way up Downing Street as allegations threat to become corroborations. The charge is that Gordon Brown as chancellor knew that HBOS is taking risks and failed to do anything about it. Paul Moore the whistleblower says he has proof, the Prime Minister says there is nothing to prove.

 

"The reason that HBOS fail was not because of this specific allegations and the result of them, the reason it fails was because of its business model, its whole business model was wrong."

 

But not so, says Mr. Moore who claims to have 30 documents which showed responsibility lies firmly on the feet of Gordon Brown. In the statement to Sky News last night, he said that I have detailed corroborative evidence that supports my allegations, and I maintain in the strongest possible way that the KPMG report that Gordon Brown, the FSA and Sir James Crosby rely on will not withstand truly independent public scrutiny /.

 

It could firmly well be just the evidence the opposition has so desperately wanted in order to link Gordon Brown to the financial crisis.

 

"These papers, if they bear out what Mr. Moore says will certainly / be valuable ammunition to the Tories(英国保守党), what they have been trying to do is link Gordon Brown directly to the failure of the banks to say that these crisis happened on his watch, and as chancellor he failed in the key job, monitoring and regulating the banks."

 

The dark cloud of nationalization still hangs / on the Lloyds Banking Group. It's today defendant's decision to avoid bonuses to retail and commercial staff. But the troubled tie between Lloyds and HBOS is being criticized as a shotgun marriage.

 

The reason of Paul Morre's allegations are potentially so important, it's because for the first time of financial crisis, accountability is creeping on towards the doors of No.10, still just allegations and some might say, for a man who has an axe to gride against companies who sacked him, it's also who maybe seem just warned all those documents that intense to make available.

 

Alistair Bunkall, Sky News, Downing Street.

 

 

On Phantom932

 

So who knew what, when and where do we point the finger of blame? The paper trail is working its way up Downing Street as allegations threatened to become corroborations. The charge is that Gordon Brown as chancellor knew that HBOS was taking risks and failed to do anything about it. Paul Moore the whistleblower says he has proof, the Prime Minister says there is nothing to prove.

 

"The reason that HBOS failed was not because of these specific allegations and the result of them, the reason it failed was because of its business model, its whole business model was wrong."

 

But not so, says Mr. Moore who claims to have 30 documents which showed responsibility lies firmly at the feet of Gordon Brown. In the statement to Sky News last night, he said that I have detailed corroborative evidence that supports my allegations, and I maintain in the strongest possible way that the KPMG report that Gordon Brown, the FSA and Sir James Crosby rely on will not withstand truly independent public scrutiny.

 

It could fair well be just the evidence that the opposition has so desperately wanted in order to link Gordon Brown to the financial crisis.

 

"These papers, if they bear out what Mr. Moore says will certainly be valuable ammunition for the Tories(英国保守党), what they have been trying to do is link Gordon Brown directly to the failure of the banks to say that this crisis happened on his watch, and as chancellor he failed in the key job of monitoring and regulating the banks."

 

And the dark cloud of nationalization still hangs ominously over the Lloyds Banking Group. It's today defended decision to award bonuses to retail and commercial staff. But the troubled tie between Lloyds and HBOS is being criticized as a shotgun marriage.

 

The reason that Paul Morre's allegations are potentially so important, is because for the first time in this financial crisis, accountability is creeping up towards the door of No.10, But they said they are still just allegations and some might say, from a man who has an axe to grind against companies who sacked him, it also remains to be seen just what are in all those dirty documents that he intends to make available.

 

Alistair Bunkall, Sky News, Downing Street.

 

 

Notes:

1. paper trail: Documents which provide evidence of someone's activities.

2. have an axe to grind :  informal. do sth for selfish reasons

3. creep up: move slowly

 

 

 

 

[ 本帖最后由 jessicahdc 于 2009-2-16 19:08 编辑 ]

hw

So who knew what when and where did we point the finger of blame.The paper tial is working its way up Downing Street as allegations threaten to become corroborations.The charge is that Gordon Brown as chancellor knew that HBOS was taking risks and failed to do anything about it. Paul Moor,the whistleblower says he has proof.The prime minister says there is nothing to prove.


The reason that HBOS fail was not because of this specific allegations and result of them,the reason it fail was because its business model,its whole business model was wrong.

 

But not so,says Mr Moor,who claims to have 30 documents which show the responsibility lies firmly at feet of Gordon Brown.


In the statement in Sky News last night,he said that I have detailed corroborative evidence that supports my allegations and I maintain in the  strongest possible way that the KPMG report that Gordon Brown ,the FSA and sir James Crosby rely on will not withstand truly independent public scrutiny.

 

It could fairly well be just the evidence that the opposition has so desperately wanted in order to link Gordon Brown to the financial crisis.


These papers,if they bailout what Mr Moor says would certainly be valuable __ for the tourist and what they have been trying to do is linked Gordon Brown directly to the failure of the banks to say that  this crisis happened on his watch,and as chancellor,he failed in the key job on monitoring and regulating the banks.

 

The dark cloud of nationalization still hangs omnasly over the LLOYDS Banking Group.It's today defendent's decision to avoid bonuses to retailing commercial staff.But the troubled type between LLOYDS and HBOS is being criticized as a shot gun marriage.

 

The reason that Paul Moor's allegations are potentially so important is because for the first time in this finacial crisis, accountability is creeping up towards the door of Number 10.Bosses decisions are still just allegations.And some might say for a man who has an axe to grind against the company who sacked him.It also who may seem just warned all ruin those 30 documents but intends to make available.Alistair Bunkall Sky News,Downing Street.

To live is to suffer. To survive is to find what you a re suffering for..
实现无障碍英语沟通

on jessicahdc

 

So who knew what, when and where do we point the finger of blame? The paper trail is working its way up Downing Street as allegations threatened to become corroborations. The charge is that Gordon Brown as chancellor knew that HBOS was taking risks and failed to do anything about it. Paul Moore the whistleblower says he has proof, the Prime Minister says there is nothing to prove.

 

"The reason that HBOS failed was not because of these specific allegations and the result of them, the reason it failed was because of its business model, its whole business model was wrong."

 

But not so, says Mr. Moore who claims to have 30 documents which showed responsibility lies firmly at the feet of Gordon Brown. In the statement to Sky News last night, he said that “I have detailed corroborative evidence that supports my allegations, and I maintain in the strongest possible way that the KPMG report that Gordon Brown, the FSA and Sir James Crosby rely on will not withstand truly independent public scrutiny.”

 

It could very well be just the evidence that the opposition has so desperately wanted in order to link Gordon Brown to the financial crisis. "These papers, if they bear out what Mr. Moore says will certainly be valuable ammunition for the Tories(英国保守党), for what they have been trying to do is link Gordon Brown directly to the failure of the banks to say that this crisis happened on his watch, and that as chancellor he failed in the key job of monitoring and regulating the banks."

 

And the dark cloud of nationalization still hangs ominously over the Lloyds Banking Group. It's today defended decision to award bonuses to retail and commercial staff. But the troubled tie between Lloyds and HBOS is being criticized as a shotgun marriage. The reason that Paul Morre's allegations are potentially so important, is because for the first time in this financial crisis, accountability is creeping up towards the door of No.10, But they said they are still just allegations and some might say, from a man who has an axe to grind against companies who sacked him. It also remains to be seen just what are in all those thirty documents that he intends to make available. Alistair Bunkall, Sky News, Downing Street.

 

普特听力大课堂
It's a whole new what when and where we point the finger of blame. The paper is trying to work its way up Downing Street as allegations threat to become corroborations. The charge is Gordon Brown as chancellor knew that HBOS is taking risks and fail to do anything about it. Paul Moore the whistleblower says he has proof, the Prime Minister says there is nothing to prove. The reason that HBOS fail was not because of this specific allegations and the result to them, the reason it fails was because of its business model, its whole business model was wrong. But not so to Mr Moore who claims to have 30 documents which showed responsibility lies firmly on the feet of Gordon Brown. In the statement to SKY News last night, he said that I have detailed corroborative evidence that supports my allegations, and I maintain in the strongest possible way that the KPMG report that Gordon Brown, the FSA and Sir James Crosby rely on will not withstand truly independent public scrutiny to me. It could firmly well be just the evidence the opposition has so desperately wanted in order to link Gordon Brown to the financial crisis. These papers, if they bail out, what Mr Moore says was certainly to be valuable // to the Lloyds, what they have been trying to do is link Gordon Brown directly to the failure of the banks to say that these crisis happened on his watch as chancellor, he failed in the key job of monitoring and regulating the banks. The dark cloud of nationalizations still hangs enormously on the Lloyds Banking Group. It's today defendant's decision to avoid bonuses to retail commercial staff. But the troubled tag between Lloyds and HBOS is being criticized as a short gun marriage. The reason of Paul Moore's allegations are potentially so important, it's because for the first time of financial crisis, accountability is creeping on towards the doors of NO.10, // still just allegations and some might say, for a man who has an axe to grind against companies who sacked him, it's also who maybe seem just warned all those documents that intense to make available.
好栏目推荐之美国口语俚语

on kimiyeah

So who knew what, when and where do we point the finger of blame? The paper trail is working its way up Downing Street as allegations threatened to become corroborations. The charge is that Gordon Brown as chancellor knew that HBOS was taking risks and failed to do anything about it. Paul Moore the whistleblower says he has proof, the Prime Minister says there is nothing to prove.

"The reason that HBOS failed was not because of these specific allegations and the result of them, the reason it failed was because of its business model, its whole business model was wrong."

But not so, says Mr. Moore who claims to have 30 documents which showed responsibility lies firmly at the feet of Gordon Brown. In the statements to Sky News last night, he said that “I have detailed corroborative evidence that supports my allegations, and I maintain in the strongest possible way that the KPMG report that Gordon Brown, the FSA and Sir James Crosby rely on will not withstand truly independent public scrutiny.”

It could fair well be just the evidence that the opposition has so desperately wanted in order to link Gordon Brown to the financial crisis.

"These papers, if they bear out what Mr. Moore says will certainly be valuable ammunition for the Tories(英国保守党), what they have been trying to do is link Gordon Brown directly to the failure of the banks to say that this crisis happened on his watch, and as chancellor he failed in the key job of monitoring and regulating the banks."

And the dark cloud of nationalization still hangs ominously over the Lloyds Banking Group. It's today defended decision to award bonuses to retail and commercial staff. But the troubled tie between Lloyds and HBOS is being criticized as a shotgun marriage.

The reason that Paul Morre's allegations are potentially so important, is because for the first time in this financial crisis, accountability is creeping up towards the door of No.10, But they said they are still just allegations and some might say, from a man who has an axe to grind against companies who sacked him, it also remains to be seen just what are in all those dirty documents that he intends to make available.

 

Alistair Bunkall, Sky News, Downing Street.

 

 

on 小白菜

So who knew what, when and where do we point the finger of blame? The paper trail is working its way up Downing Street as allegations threatened to become corroborations. The charge is that Gordon Brown as chancellor knew that HBOS was taking risks and failed to do anything about it. Paul Moore the whistleblower says he has proof, the Prime Minister says there is nothing to prove.

"The reason that HBOS failed was not because of these specific allegations and the result of them, the reason it failed was because of its business model, its whole business model was wrong."

But not so, says Mr. Moore who claims to have 30 documents which showed the responsibility lies firmly at the feet of Gordon Brown. In the statements to Sky News last night, he said that “I have detailed corroborative evidence that supports my allegations, and I maintain in the strongest possible way that the KPMG report that Gordon Brown, the FSA and Sir James Crosby rely on will not withstand truly independent public scrutiny.”

 

It could very well be just the evidence that the opposition has so desperately wanted in order to link Gordon Brown to the financial crisis.

"These papers, if they bear out what Mr. Moore says will certainly be valuable ammunition for the Tories(英国保守党), what they have been trying to do is link Gordon Brown directly to the failure of the banks to say that this crisis happened on his watch, and as chancellor he failed in the key job of monitoring and regulating the banks."

 

And the dark cloud of nationalization still hangs ominously over the Lloyds Banking Group. It's today defended decision to award bonuses to retail and commercial staff. But the troubled tie-up between Lloyds and HBOS is being criticized as a shotgun marriage.

The reason that Paul Morre's allegations are potentially so important, is because for the first time in this financial crisis, accountability is creeping up towards the door of No.10, But (at) this stage they are still just allegations and some might say, from a man who has an axe to grind against companies who sacked him, it also remains to be seen just what are in all those dirty documents that he intends to make available.

 

  tie-up : connection or association e.g. helpful financial tie-ups

HW

 

The whole new what, when and where do we put our fingers of blame, the paper trail is working way up downing street as allergation is threatened to become cooperations. The charge is that Golden Brown is as chancellor knew that HBOS was taking risks and failed to do anything about it. Paul Moore, the whistleblower, says he has proof. The prime minister says there's nothing to prove.

The reason that HBOS fails was not because of the specific allergations under result of them, the reason it failed is its business model, its whole business model was wrong.

But not so, says Mr. Moore who claimed to have 30 documents which show the responsibility lies firmly on the feet of Golden Brown. In the statement to Sky News last night, he said that I have detail corrupt evidence to support my allergations and I mantain the strongest possible way that the KPMG report Golden Brown ever say James C. rely on with not withstand truly independant public $. It could very well be just the evidence that the opposition has so desperately wanted in order to link Golden Brown to the financial crisis.

These papers, if they bear out what Mr. Moores says will certainly be valuable ammunition for the ^&T. what they have been tried to do is link Golden Brown directly to the failure of the Banks to say that this crisis happened on his watch, that as chancellor, he failed in a key job of monitoring and regulating the banks.

The dark cloud nationalization still hangs almostly over royal's banking group. It's today defended the decision to a world bonuses to retelling commercial stuff, but the trouble to tie up between royal's test being HBOS being criticised as short gun marriage. The reason that paul Moore allergations are potentially so important is because it's the first time finiancial crisis accountability is creeping up toward the door of No. 10. But still they are just allergations, and someone might say from a man who has ^&%&^ against the company who slacked him. It also remains to seem just ^&%& those study documents, but intends to make available.

目标:BV issue 100篇!
101;102;105;104;108;111;112;110;114;115;
119;117;129;140;139;938;928;
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on katelynn

So who knew what, when and where do we point the finger ofblame? The paper trail is working its way up Downing Street as allegations threatened to become corroborations. Thecharge is that Gordon Brown as chancellor knew that HBOS was taking risks andfailed to do anything about it. Paul Moore the whistleblower says he has proof.The Prime Minister says there is nothing to prove.
"The reason that HBOS fell was not because of thesespecific allegations and the result of them, the reason it fell was because of its businessmodel, its whole business model was wrong."
But not so, says Mr. Moore who claims to have 30 documentswhich showed that responsibilitylies firmly at the feet of Gordon Brown. In a statement/s to Sky News last night, he saidthat “I have detailed corroborative evidence that supports my allegations, andI maintain in the strongest possible way that the KPMG report that GordonBrown, the FSA and Sir James Crosby rely on will not withstand trulyindependent public scrutiny.”

It could very
well be just theevidence that the opposition has so desperately wanted in order to link GordonBrown to the financial crisis.

"These papers, if they bear out what Mr. Moore sayswill certainly be valuable ammunition for the Tories(英国保守党),in whatthey have been trying to do is link Gordon Brown directly to the failure of thebanks to say that this crisis happened on his watch, and as chancellor hefailed in the key job of monitoring and regulating the banks."

And the dark cloud of nationalization still hangs ominouslyover the Lloyds Banking Group. It's today defended decision to award bonuses toretail and commercial staff. But the troubled tie-upbetween Lloyds and HBOS is beingcriticized as a shotgun marriage.
The reason that Paul Moore's allegations are potentially so important,is because for the first time in this financial crisis, accountability iscreeping up towards the door of No.10, But at this stage
they are stilljust allegations and some might say, from a man who has an axe to grind againsta company whosacked him, it also remains to be seen just what are in /all those dirty documents that heintends to make available.


Alistair Bunkall, Sky News, Downing Street.

tie-up : connection or association e.g.helpful financial tie-ups
【整理】

So who knew what, when and where do we point the finger of blame? The paper trail is working its way up Downing Street as allegations threatened to become corroborations. The charge is that Gordon Brown as chancellor knew that HBOS was taking risks and failed to do anything about it. Paul Moore the whistleblower says he has proof. The Prime Minister says there is nothing to prove.

"The reason that HBOS fell was not because of these specific allegations and the result of themThe reason it fell was because of its business model, its whole business model was wrong."

But not so, says Mr. Moore who claims to have 30 documents which showed that responsibility lies firmly at the feet of Gordon Brown. In a statement to Sky News last night, he said that “I have detailed corroborative evidence that supports my allegations, and I maintain in the strongest possible way that the KPMG report that Gordon Brown, the FSA and Sir James Crosby rely on will not withstand truly independent public scrutiny.”

 

It could very well be just the evidence that the opposition has so desperately wanted in order to link Gordon Brown to the financial crisis.

"These papers, if they bear out what Mr. Moore says will certainly be valuable ammunition for the Tories, in what they have been trying to do is link Gordon Brown directly to the failure of the banks to say that this crisis happened on his watch, and as chancellor he failed in the key job of monitoring and regulating the banks."

 

And the dark cloud of nationalization still hangs ominously over the Lloyds Banking Group. It's today defended decision to award bonuses to retail and commercial staff. But the troubled tie-up between Lloyds and HBOS is being criticized as a shotgun marriage.

The reason that Paul Moore's allegations are potentially so important is because for the first time in this financial crisis, accountability is creeping up towards the door of No.10, But at this stage they are still just allegations and some might say, from a man who has an axe to grind against a company who sacked him, it also remains to be seen just what are in those dirty documents that he intends to make available.

 

Alistair Bunkall, Sky News, Downing Street.

 

Paper trail: the written evidence of someone's activities;

tie-up : connection or association e.g. helpful financial tie-ups

bear out: support. For exampleFacts will bear out the statement.  

have an axe to grin: to have private interests to serveto have sth. to gain for oneselfto have a selfish reason


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On sainfoinwy

So who knew what, when and where do we point the finger of blame? The paper trail is working its way up Downing Street as allegations threatened to become corroborations. The charge is that Gordon Brown as chancellor knew that HBOS was taking risks and failed to do anything about it. Paul Moore the whistleblower says he has proof. The Prime Minister says there is nothing to prove.

"The reason that HBOS fell was not because of these specific allegations and the result of them。The reason it fell was because of its business model, its whole business model was wrong."

But not so, says Mr. Moore who claims to have 30 documents which showed that responsibility lies firmly at the feet of Gordon Brown. In a statement to Sky News last night, he said that “I have detailed corroborative evidence that supports my allegations, and I maintain in the strongest possible way that the KPMG report that Gordon Brown, the FSA and Sir James Crosby rely on will not withstand truly independent public scrutiny.”



It could very well be just the evidence that the opposition has so desperately wanted in order to link Gordon Brown to the financial crisis.

"These papers, if they bear out what Mr. Moore says will certainly be valuable ammunition for the Tories, and what they have been trying to do is link Gordon Brown directly to the failure of the banks to say that this crisis happened on his watch, and as chancellor he failed in the key job of monitoring and regulating the banks."



And the dark cloud of nationalization still hangs ominously over the Lloyds Banking Group. It's today defended the decision to award bonuses to retail and commercial staff. But the troubled tie-up between Lloyds and HBOS is being criticized as a shotgun marriage.

The reason that Paul Moore's allegations are potentially so important is because for the first time in this financial crisis, accountability is creeping up towards the door of No.10, But at this stage they are still just allegations and some might say, from a man who has an axe to grind against a company who sacked him, it also remains to be seen just what are in those dirty documents that he intends to make available.



Alistair Bunkall, Sky News, Downing Street.
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