How to prove a nod and a wink?
It would seem that nailing jelly to a wall would be easier than establishing accountability for our banking failure.
How do you prove a nod? What evidence would be required to establish that a wink was made to convey a message or instruction? How do you establish what conversations took place over a round of drinks? This is the elephant that any bank inquiry will have to push uphill in the months ahead.
Does anyone in this country doubt that our financial regulator was politically harnessed and made mute?