Damian McBride compared his activities as Gordon Brown's spin doctor to those of a "rogue trader in the 1980s", saying Labour leaders were unaware of the way he operated.
McBride told ITV's Daybreak: "I'd compare it to when we had some of the rogue bankers ... people weren't asking enough questions about how they were making their profits."
More top news
Rio Ferdinand has hit back at Kick It Out's criticism of him by labelling the anti-racism organisation as 'pointless'
When Alison Powell's four-year-old Labrador Missy would not stop sniffing and pawing her, she knew it was more than simple canine affection.
Police have confirmed that six arrests were made as part of their operation for the Arsenal v Galatasaray Champions League match