Inquiry's credibility fades in farce worthy of Inspector Clouseau
The decision by Banking Inquiry members to charge down the David Drumm cul-de-sac has completely undermined whatever credibility the inquiry had retained. The idea of taking evidence from Drumm by video link wasn't just ill-judged, it should have been obvious to anyone that it was a complete mistake.
After a week of legal farce and investigative acumen worthy of Inspector Clouseau, the public's patience has evaporated.
We were told this inquiry would have access to thousands of relevant documents from the period, yet most questions put to witnesses have lacked a forensic touch. In fact, they seem to be based more on newspaper clippings from the period of the banking collapse than detailed "insider" information gleaned from confidential documents.