It has been extremely interesting watching the televised ‘grilling’ of Bankers by the Treasury Select Committee over recent days.
What occurs to me is the stark parallels which can be drawn from the way the Banks were (mis)managed and the way we (mis)manage the coast.
It seems to me the demise of the Banks (which has led to financial chaos) is due largely to suspect ‘Risk Management’ techniques and the marked absence of good old fashioned sound banking principles and practice. The result is financial chaos on an unprecedented scale.
Read the full article by Malcolm Kerby on the Coastal Concern Action Group website