The working party looking at the Council’s investments in Icelandic banks has until this evening been an example of good scrutiny. This evening the draft report was being considered by the full scrutiny committee and Tory councillors were clearly under orders to water the report down, push the blame entirely onto the officers for the failure to follow the treasury management strategy and absolve the leader and chair of the Cabinet Resources Committee from any blame what so ever. They also tried to implicate the audit committee who in fact …