Liberal Democrat peer Lord Oakeshott has swiftly welcomed the news of Bob Diamond’s resignation, and again called for prosecutions against those responsible for the Libor scandal.
Oakeshott told Sky News:
This is a great day. Bob Diamond was the greedy gambler, personified.
What really matters now is that the criminals inside Barclays, that they are charged and they are convicted and the full force of the law is brought to bare.
Stealing money as a banker is the same thing as stealing from a house.