Just to be absolutely clear, seeing what politicians would do about the Libor issue, was like a test. The world looked and saw how our politicians handled it. Like when your mum gives you chance to be mature about it and tell the truth….

But because this is a very very global issue, the past week now goes into the book of ways Libor was mishandled. Its a book being kept outside our political media establishment, and its the one that will be taught in history.

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