Saturday, Jan 26, 2008
Systematic failure on the "rock".
BBC: FSA 'failed over Northern Rock'
More on the Rock story critisiscm of the FSA and the BOE.
Posted by doomberger @ 08:49 AM (264 views) Add Comment
2 Comments
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1. paul said...
Err, so did the Bank of England ...
2. japanese uncle said...
From a different angle, this was a huge success. Billions of taxpayers money was siphoned into the NR blackhall, under the justification of preventing systemic financial failure, against which none could possibly dispute. Who ultimately benefited most out of this possibly a well-premeditated financial tragedy (or comedy)? One thing is certain, again the credulous general public is the loser as enormous wealth changed hands .