Dunfermline and West Fife MP Willie Rennie has called for an investigation into administrators reportedly earning £1 million a month from managing the former assets of the Dunfermline Building Society.
The accountancy firm KPMG has sold just a proportion of the assets of the building society and is charging £540.33 an hour for its services.
You will remember the Nationwide Building Society took over ownership of branches, deposits and staff of the building society after the government refused to intervene when the 140 year old society incurred losses of £26 million.
Mr Rennie said: "I raised concerns with the government at the time of the break up about the fees and the role of KPM. However the rate of return to the consultants is astonishing.
"I have written to the chancellor to urge him to undertake an inquiry into the fees paid.
"We also need to know if government ministers approved such fees. Can this really be judged as value for money?"
A spokesman for KPMG denied that there was any "wrong doing" on behalf of the company and described its involvement with the Dunfermline as a "significant" undertaking.
"There is a large on-going administration involved with the Dunfermline Building Society and our main aim is to recover monies for creditors."
Surely the KPMG spokesman omitted "and milk the taxpayers" from his statement? £1 million a month in administration fees does seem excessive for a small building society such as the Dunfermline. I wonder how much we are paying for the administration of our share of the bailout banks? Someone needs to keep an eye on the taxpayer's money invested there or is the FSA doing that and at what cost?
Sadly I don't think Mr Rennie will receive a detailed response from the Chancellor but all credit to him for trying.