ChatterBank1 min ago
Quis Custodiet Ipsos Bustodes? Banks, Banking And The RBS Debacle
What a shambles. No wonder we're paying for others mistakes and greed.
http://www.bbc.co.uk/news/business-16126399
http://www.bbc.co.uk/news/business-16126399
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No best answer has yet been selected by Philtaz. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.It is hardly news that the FSA was not fit for purpose. And the BoE screwed up massively as well.
Luckily for them, they are not allowed to fail and will be bailed out by the taxpayer. Meanwhile in Iceland, where the Government didn't bailout its banks and let 3 go bust, the result wasn't the end of the world. In some respects, Iceland is bouncing back quite well.
Luckily for them, they are not allowed to fail and will be bailed out by the taxpayer. Meanwhile in Iceland, where the Government didn't bailout its banks and let 3 go bust, the result wasn't the end of the world. In some respects, Iceland is bouncing back quite well.
The problem always has been and always will be that the FSA can not pay enough to get the top financial analysts. The best , brightest ,cleverest financial ' brains' can earn so much that they would never work for the FSA as they would take a massive cut in salary / bonus payments.
The 'wheeler dealers' will always be 2 or 3 steps ahead of the FSA.
The 'wheeler dealers' will always be 2 or 3 steps ahead of the FSA.
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