The best reply to Jersey’s politicians concerning their feeble response to the Panorama on Lloyds is on the comments page of the Jersey Evening Post. It says:

Frankly it matters little what we on the Island think, it’s the impression that was given to the UK based audience and of much more significance the UK Government that matters.

For far too long our brave politicians huff and puff but the reality is that the world is changing, and whilst the OECD started the accountability game, the credit crisis will finish it.

The appropriate response to this issue should have been an immediate, transparent and public censure of the corporate governance of Lloyds in Jersey, not the buck passing attempt to avoid the real issue demonstrated today by our politician(s) and Jersey Finance.

There’s nothing to add to that.