And if that was not enough bad news for banking…

Posted on

The FT. reports that:

Sir Win Bischoff has emerged as a possible candidate to take over the chairmanship of UK Financial Investments, the government body that oversees investments in the banking system. Sir Win, who recently stepped down as chairman of Citigroup, is one of a number of candidates being considered for the position.

Wkikpedia notes:

On February 27, 2009 Citigroup announced that the United States government would be taking a 36% equity stake in the company by converting $25 billion in emergency aid into common shares.

Surely, surely, someone realises those who got us into this mess aren't those to get us out of it?

Don't they?