From our ever popular series questions in headlines we can answer
What did we learn from TSB bosses’ grilling by MPs?
We would have learnt something if we’d actually had the following conversation:
“Why the cock up?”
“Because it’s very difficult”
“Why did you do it then?”
“Because every bank is going to have to do it”
“What, every bank?”
“Because banking IT systems are shit held together by sealing wax and string. Complete replacement will have to happen.”
That’s not the conversation we did get and that’s why we learnt nothing.