The political and media hounds have turned on Barclays over the London interbank offered rate (Libor) scandal, and are recklessly trying to ensnare the Bank of England as well.

Yes Libor was low-balled, no doubt with a nod from the Bank of England, but as John Wayne would say: "A man's got to do what a man's got to do." The situation in 2008 and the desperate decisions that had to be made have been forgotten, but what's the collapse of the global financial system to a story?

Sydney Kaye

Cape Town