Former RBS Chief executive, Sir Fred Goodwin and former RBS Chairman, Tom McKillop will not face close scrutiny from the Financial Services Authority.
According to an article in the Sunday Telegraph and other reports, the FSA will not be pointing fingers at Fred Goodwin (also known as Fred the Shred for completely unknown reasons) and Tom McKillop both of whom held the most senior positions in the Royal Bank of Scotland and oversaw its catastrophic demise and near complete nationalisation.
Apparently it will be Johnny Cameron who will be put under pressure from the FSA seeing as he was the head of RBS's investment banking at the time of the of the bank's collapse but according to the report in the Sunday Telegraph and other sources, the 'global financial crisis' will be cited as the real reason behind the near demise of RBS.
The FSA report's view that the decision to purchase ABN Amro for Â£61 billion, which many see as the reasons for the fall of RBS, will also find blame falling at the feet of the 'global financial crisis' and not at the feet of the heads of the company that purchased it.
Sir Fred Goodwin has always presented himself as honest in taking what is he believes he is entitled to, like a Â£703,000 per year pension for his expert and highly successful term at the helm of a bank in which he oversaw the largest annual loss in British corporate history.
There may indeed be a legal case for Sir Fred and Tom McKillop, which would absolve both men of responsibility and we should not forget the law is the law and the FSA are more than aware of this.
But does the law represent justice? Some might well disagree.
Sir Fred Goodwin and Tom McKillop must both be blameless in the collapse of RBS, why else would the FSA not require serious investigation in their involvement of the collapse of one of the world's biggest banks?
It is only fair that we tip our caps to those who have played their part in the catastrophic mayhem now engulfing the financial system and pay them what they deserve and never ask the questions, which might shed light onto the endemic corruption at the heart of many of our financial institutions…….of course I am not talking about Sir Fred or Tom McKillop because that might be libellous and would be wholly inappropriate.
And to suggest that the Fred and Tom are deliberately being omitted form any investigation might call the FSA into disrepute and question its position as being unbiased and beyond reproach.
We cannot allow ourselves the luxury to question the integrity of those who may seem to have gotten away Scot-free from justice and once again I am not taking about Fred or Tom.