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If you had asked people in 1929, 'Here is what is about to happen. How much would you pay to avoid the Great Depression from occurring?' The answer is they would have paid a lot. They would have borrowed money if it could be used to prevent the Great Depression. ↗
And obviously, with hindsight now, now knowing what went on in the company, it would have been absolutely appropriate back then for us to have the chief executive of the company, most senior person in the United Kingdom, come and answer for the policy they were pursuing. And we ducked that, and frankly that's a failure of Parliament. ↗
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