No, really, he does. He\’s got this great idea.
The government should demand board seats in return for the injections of capital. And those seats shouldn\’t go to people who know about banking, oh no.
There’s a final point: make sure the new non-execs are people who can carry through the process of change. Appoint people like Prem Sikka, seasoned MPs like Frank Field, old hands like Will Hutton, journalists like Larry Elliot. This is not the moment for ‘jobs for the boys’.
An accounting professor (with some remarkably strange ideas), a politician and two journalists? This is to solve our banking crisis?