The number two man at the Financial Services Authority (FSA) has resigned this morning following a bit of a charade over whether he sacked a prophetic whistleblower at HBOS or not.
Sir James Crosby says he has resigned to protect the FSA since he is innocent.
Reminds me of that poor and uneducated chap on television many years ago who was arrested for some heinous crime. The poor man had no idea what was happening to him but to try to make his life as tolerable for himself as possible, he decided to admit to the crime. He said this, though, as the police started to take him off to the cop shop:
OK, I'm guilty but I didn't do it.
Sir James?
DW
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