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Sants Quits The Fsa In the FT Rate Topic: -----

#1 User is offline   garybug 

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Posted 09 February 2010 - 10:12 AM

http://www.ft.com/cm...144feab49a.html

Perhaps he jumped before Osborne pushed him after the election?


Frank Hovis - May 4 2008, 02:55 PM. "[These people] seems outraged that nobody wants to come along and make the same mistake as them."

#2 User is online   interestrateripoff 

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Posted 09 February 2010 - 10:14 AM

How will we cope without him?
2010 Predictions
Proof that Brown had repeated IMF / OECD / BIS warnings over house prices and did nothing!!!
Looting: The Economic Underworld Of Bankruptcy For Profit
The exponential growth of debt and the unsustainability of debt
The logic of HPI @ 10% YoY means your £100k house would be worth £1.38bn in 100 years
Paying down my mortgage with money found on the street

It's time to sue the Bank of England / Federal Reserve for GROSS NEGLIGENCE
If DEBT is the problem REPAYMENT is the solution or you default

"Northern unemployment is an acceptable price to pay for curbing southern inflation" Eddie George former Governor of the Bank of England

For a digest of press articles on the credit crisis and economy

Posted Image

#3 User is offline   papag 

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Posted 09 February 2010 - 10:18 AM

View Postinterestrateripoff, on 09 February 2010 - 10:14 AM, said:

How will we cope without him?

2 years at the helm big payoff no doubt for his successes :lol:
So where are we after a decade of New Labour? an economy that depends on delivering pizzas to each other, doing up our houses in the hope that we can sell them at a profit, a public sector boom, car boot sales everywhere and the biggest total debt in the world.



Nick Leeson lost £827 million which caused Barings Bank to be eventually declared insolvent and duly sentenced to 7 years inside for his crime, a mere drop in the ocean to the crimes that have been committed by our current so called expert bankers and politicians who still enjoy the rich pickings of life with noses still embroiled firmly in the trough of greed.

#4 User is offline   deflation 

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Posted 09 February 2010 - 10:30 AM

Working out his 6 months notice? I expect he'll be on gardening leave long before that ends.

#5 User is offline   garybug 

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Posted 09 February 2010 - 10:37 AM

View Postdeflation, on 09 February 2010 - 10:30 AM, said:

Working out his 6 months notice? I expect he'll be on gardening leave long before that ends.



Maybe the Mods can set him up an account on here in advance - maybe he'll learn something while he browses for the duration... Posted Image


Frank Hovis - May 4 2008, 02:55 PM. "[These people] seems outraged that nobody wants to come along and make the same mistake as them."

#6 User is online   Sir John Steed 

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Posted 09 February 2010 - 10:39 AM

Now watch him pick up a top City job...probably with a bank.

Nice work if you can get it.
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#7 User is offline   tr1ck5t3r 

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Posted 09 February 2010 - 12:42 PM

View Postgarybug, on 09 February 2010 - 10:12 AM, said:

http://www.ft.com/cm...144feab49a.html

Perhaps he jumped before Osborne pushed him after the election?


That bloke is very easily pleased and has low standard after reading his comment, good job he's off.
http://news.bbc.co.u...ess/8505779.stm

"In a statement Mr Sants said: "I am very proud of the manner in which the FSA rose to the challenge of dealing with such unprecedented turbulence across global financial markets.""

#8 User is offline   garybug 

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Posted 09 February 2010 - 01:17 PM

View Posttr1ck5t3r, on 09 February 2010 - 12:42 PM, said:

That bloke is very easily pleased and has low standard after reading his comment, good job he's off.
http://news.bbc.co.u...ess/8505779.stm

"In a statement Mr Sants said: "I am very proud of the manner in which the FSA rose to the challenge of dealing with such unprecedented turbulence across global financial markets which it had in fact helped to cause.""


Fixed...


Frank Hovis - May 4 2008, 02:55 PM. "[These people] seems outraged that nobody wants to come along and make the same mistake as them."

#9 User is online   Bloo Loo 

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Posted 09 February 2010 - 01:20 PM

costs £1500 just to register with the FSA as a simple case, £5000 for intermediate and £25,000 PLUS if you are a complicated firm.

then theres the ongoing fees.

the first one is an online registration....they must be raking it in.
Its not a house price boom, its a credit feast and now its time for the hangover
No bankers were harmed in the making of this bailout

Your
country is at risk
if you
do not keep up repayments
on a gilt or other loan secured on it

#10 User is online   Bloo Loo 

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Posted 09 February 2010 - 01:30 PM

View PostBloo Loo, on 09 February 2010 - 01:20 PM, said:

costs £1500 just to register with the FSA as a simple case, £5000 for intermediate and £25,000 PLUS if you are a complicated firm.

then theres the ongoing fees.

the first one is an online registration....they must be raking it in.

course, its a different FSA....doh!

oh no.... its not....wasnt hector sants some other CEO famous for something else?

This post has been edited by Bloo Loo: 09 February 2010 - 01:37 PM

Its not a house price boom, its a credit feast and now its time for the hangover
No bankers were harmed in the making of this bailout

Your
country is at risk
if you
do not keep up repayments
on a gilt or other loan secured on it

#11 User is online   yellerkat 

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Posted 09 February 2010 - 01:33 PM

Twitter from Guido:

Quote

guidofawkes Met FSA's Hector Sants once, he was a c***. Good that he has resigned. Shame he is taking his bonus with him.

#12 User is offline   0q0 

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Posted 09 February 2010 - 02:51 PM

For some reason I read the thread title intitially as SANTA quits the FSA! Well, perhaps Ants was a gift to the CML?

#13 User is online   Sir John Steed 

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Posted 09 February 2010 - 03:23 PM

View PostBloo Loo, on 09 February 2010 - 01:20 PM, said:

costs £1500 just to register with the FSA as a simple case, £5000 for intermediate and £25,000 PLUS if you are a complicated firm.

then theres the ongoing fees.

the first one is an online registration....they must be raking it in.


Have you seen the glittering FSA offices in Canary Wharf? Plus I bet all the FSA staff network with all the other *ankers in that Reebok gym above Waitrose.
I am in part cash, part World of Warcraft Gold (its the next stage of our evolution)

#14 User is online   fluffy666 

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Posted 09 February 2010 - 03:30 PM

View Postgarybug, on 09 February 2010 - 10:12 AM, said:

http://www.ft.com/cm...144feab49a.html

Perhaps he jumped before Osborne pushed him after the election?


I keep reading the thread title as 'Santa quits the FSA' and thinking 'That explains the 'free gifts for all' approach to regulation...'

#15 User is offline   Dubai 

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Posted 09 February 2010 - 06:13 PM

I wonder if there's any connection to these resignations? (I haven't checked on them to be honest.... but if it's true it's quite startling:

SELECTED TOP RESIGNATIONS MONITORED DURING
TWO WEEKS, LATE JANUARY-EARLY FEBRUARY 2010

Abercrombie & Fitch Co., top resignation reported
Aerospatiale, 01 March, CEO resigned
AGResearch, CEO announced 04 February he’ll resign effective 30 June
Alfa, a Mexican holding group, 06 February, CEO resigned
Arbitron, top resignation reported
Argentine Central Bank, top resignation reported
Bank Leumi Le Israel, Chairman resigned, 24 January
Bartow Regional Medical Center, top resignation reported
Bergen Group, CEO Rosenberg resigned
Borders Books, top resignation reported
CLICO, top resignation reported
Commerce Resources, top resignation reported
Connaught Plc, Mark Davies, CEO, 29 January, will resign at end of financial year
Cook Islands Trourism, 20 January, CEO John Dean resigned
Empire Aero, top resignation reported
Endo Pharma, top resignation reported
Ethan Allen institute, 03 February, President Rick Bornemann resigned
Fahrney-Keedy Home & Village, 28 January, CEO Jay Shell resigned
France Telecom, 02 February, CEO resigned
Gasco, CEO Mark Erickson, 01 February, resigned
Golden Harp, top resignation reported
GrainCorp, Mark Irwin, 28 January, resigned
Hong Kong Exchanges & Clearing, Chief Financial Officer resigned
Ingersoll-Rand, CEO, 10 February, resigned
Lenovo, CEO, 05 February, resigned
Lihir Gold Ltd, top resignation reported
Medical Developments International Ltd, 03 February, CEO Chris Rossidis resigned
Meredith Corporation, top resignation reported
Mirada, Chairman resigned
Motion Picture Television Fund, Dr David Tilman, CEO, 03 February, resigned
NB Power, top resignation reported
Netplay TV, Finance Director Halverson, 29 January, resigned
Norzucker, 29 January, CEO of German sugar refiner resigned
Nuplex, CEO top resignation reported
NV Energy, Chief Financial Officer resigned
Parlux Fragrances, Inc., 29 January, Chairman and CEO Neil J. Katz, resigned
Phumelala, top resignation reported
Red Bull, top resignation reported
Remedial Offshore, top resignation reported
Royal Bank of Scotland, 1,000 bankers, 06 December 2009, resigned
San Francisco AIDS Foundation, top resignation reported
SAP, 07 February, CEO Leo Apotheker resigned
Shanda Interactive, top resignation reported
Sun Microsystems, J Schwartz, CEO, 28 January, resigned
Syntel, 02 February, CEO resigned
TransWorld Entertainment, 16 February, President and CEO Jim Litwak resigned
Uranium International Corporation, 29 January, CEO Marek J. Kreczmer resigned
Wellpoint, 01 March, Chairman resigned
Western Australia Business News, top resignation reported
YTB International, top resignation reported
Zain Telecom, Kuwait, 03 February, CEO Saad al-Barrak submitted resignation.


http://www.worldrepo...the_settlements (near the bottom)
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