Earlier this month the bigwigs from the Co-op bank were trumpeting about how their bank was in fine fettle and today it seems the viability of the bank is being called into question. So, how does a leader in “ethical banking” explain the sudden deterioration of fortune?

Simple, you pick and choose your ethics. You stand on your soap box and shout how you don’t invest in this industry or that industry, but you don’t come clean about your finances and whether or not you are a going concern.

Ethics is not a la carte – it’s all or nothing.