Thorpedo
How are you measuring Sir Freds failure? He was at the bank from 1998 I believe. If he wasn't doing a reasonable job then he wouldn't have been there ten years. By 'making an example' of someone all you are doing is bullying. If 'we' as the voting public are not happy with how things like this work out then we have to have legislation for it. And thats very difficult to spell out as always when reacting to events like this. You can't blame the likes of Freddie, you can only blame the system.
Fact
eople are borrowing too much money. It can't be paid back. If a political party turned around and said 'we are going to stop you all borrowing. We will decide if you can afford it and we will say yes or no to each loan request', would you vote for them? No, because turkeys don't vote for christmas.
'Sir Fred (as well as others)was paid disgusting amounts of money to be an expert and get thing right. He failed.'
How do you define disgusting? Its just an opinion. Paid to get things right? Was he? I thought he was paid to run the bank in whatever financial scenario the world was in. He didn't create that did he? I thought governments took care of that.
You seem to have done a lot of research into Sir Fred's decisions. Maybe you could list a few of them on here for us because all I can find are generalisations and assumptions that his decisions must have been bad.
Ian