The American way of justice
Conrad Black sympathises with the NatWest Three — victims of British cowardice and a corrupt US legal system It was the misfortune of David Bermingham and his co-defendants to be very peripherally connected to the Enron debacle. Enron was the ultimate hot financial client for a merchant banker and designer of sophisticated financial vehicles, the author’s occupation at Greenwich National Westminster. Bermingham’s offence was to produce a spectacularly imaginative new structure for an existing financial company, which impressed the Enron financial officers, at a time when Greenwich National Westminster was being offered for sale and NatWest itself was a takeover candidate. His plan was so original that, as he wrote,
