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"A Lib Dem peer who led calls for Mr Diamond to resign, in the wake of the interest-rate fixing scandal, said today that Mr Diamond's departure is 'a great day for democracy'.
"Lord Oakeshott said:
"He is the symbol of the gambling and greed we must root out of our banking system.
Now the top priority is to catch the criminals, break off the casinos from the basic banks, and make them lend.
We must never again let the rich and powerful in the City or the media get their hands round the windpipe of Government."