Mike Flint asked via email: Do you think it is adequate that James Crosby gives up three letters in front of his name as penance for his part in the downfall of HBOS?
David Cameron's response: This is his responsibility - and giving up his knighthood and some of his pension was the right decision.
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What do you make of his answer?
And here's my question in full:
(Sir) James Crosby
Do you think it is adequate that James Crosby gives up three letters in front of his name as penance for his part in the downfall of HBOS? What does the fact that he only made this offer after a report was published, detailing his inadequacies? Surely the facts of the matter were apparent (to him at least) much earlier, yet he was offered, and took a position in a financial institute knowing his part in the HBOS collapse. What does this say of the FSA? Many more people who were much less culpable lost much more as a result of his actions. Where is the parity in how he is feeling the pain, compared to those who lost jobs and homes by his incompetence. This doesn't feel to me like we're together in this at all. When will the government step in and take real action against those responsible for major contributions to financial failure? If you'll chase a reporter for hacking a phone, why not a CEO for ruining lives through their (proven) negligence?