When the crew of Apollo 13 contacted Mission Control in April 1970 there
was no ambiguity. Following an explosion the crew faced a potential
catastrophic situation which they quickly identified and a successful course of
action was implemented.
Contrast this to the on-going situation within the banking community.
Despite re-assurances that they were putting their houses in order there is a
growing feeling that many of the problems have been swept under the carpet
rather than acknowledged and dealt with.
It is hard to believe that we have seen the end of issues with the banks
when we consider their recent history of financial mismanagement and sheer
incompetence on a level that beggar’s belief.
Not only would the internal controls of these institutions appear
seriously deficient but there is a question mark concerning the obvious lack of
professionalism on behalf of the independent auditors.
It has become a quetion of whose accounts can you trust?
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