THE BLOG

On RBS

17/06/2013 18:59 BST | Updated 17/08/2013 10:12 BST

The news that came that the chief executive of RBS will stand down and yet no announcement for a new one seems to be something that troubles many people.

There is no doubt that the attitude to thinking you can control the bank from the political point of view without knowledge of banking is a sad reflection on the way politicians act.

The greatest mistake in this instance is that banking is dependent on one subject and that is confidence.

If confidence goes from a bank as we have seen then you have endless problems, people do not wish to participate, and trust has disappeared.

It seems an extraordinary example of lack of judgement and this is done because of the lack of experience by the people who are involved.

Why is it that politicians think they know so much when they know so little?