One thing that caught my eye was the following:
It has even been suggested that Barclays chose not to offload its Alliance Boots debt, when others in the banking syndicate took a 10 per cent valuation cut to get the assets off their books, because Varley and Diamond wanted to protect the minimal writedowns on leverage loans.
Well you might say that. I couldn't possibly comment.
Anybody looked lately at their consumer lender exposure in Japan? I couldn't possibly comment.
How about just the almost total absence of losing trading days in the investment bank. I couldn't possibly comment.
Anyone you know carried an 800 billion pound investment bank portfolio and not lost money on at least some days... I couldn't possibly comment.
How about the LBO exposures. Well apart from Boots I cannot possibly comment.