SNP MP COMMENTS ON SECRET HBOS PAPERS.

SNP MP COMMENTS ON SECRET HBOS PAPERS.

Commenting on the report concerning documents used during the recent
court case against the Lloyds/HBOS merger, SNP Treasury spokesman
Stewart Hosie MP said;
"The UK Government's involvement in the Lloyds takeover has long
aroused concern.
"For the dossiers used to convince the courts to be kept secret only
adds to the suspicion that Gordon Brown and Alistair Darling have
something to hide.
“That questions have been raised about the documents still even
existing is equally concerning.
"That they are pursuing those who fought to protect shareholders from
the bad debts and bad deal that has emerged for court costs is simply
ridiculous.
"The clear evidence from the FSA that there was an alternative and
that the banks could have been supported as two separate entities -
instead of merging their problems into one giant bad bank - throws
even more doubt on Government claims it was the only option."

SNP MP COMMENTS ON SECRET HBOS PAPERS.

SNP MP COMMENTS ON SECRET HBOS PAPERS.

Commenting on the report in toady’s Observer concerning documents used during the recent court case against the Lloyds/HBOS merger, SNP Treasury spokesman Stewart Hosie MP said;

"The UK Government's involvement in the Lloyds takeover has long aroused concern. "

For the dossiers used to convince the courts to be kept secret only adds to the suspicion that Gordon Brown and Alistair Darling have something to hide. “That questions have been raised about the documents still even existing is equally concerning.

"That they are pursuing those who fought to protect shareholders from the bad debts and bad deal that has emerged for court costs is simply ridiculous. "
The clear evidence from the FSA that there was an alternative and that the banks could have been supported as two separate entities - instead of merging their problems into one giant bad bank - throws even more doubt on Government claims it was the only option."