He's saddled with more than that. Several times in the Commons he repeatedly and stridently asserted that he had absolutely no idea that the Libor rate was being fixed right under his nose!
If he was telling the truth then he, on behalf of the then New Labour treasury was admitting to monumental incompetence, negligence and complacency.
If he was lying then he was as corrupt as the bankers.
I guess he made the choice of incompetence, negligence and complacency thinking somehow that the electorate might still believe he could still be fit to be the next Chancellor of the Exchequer!
Good luck with that Ed!