Thursday, Jul 24, 2008
Keeping secrets, telling lies
UK bubble: More post-NRK bad ideas from the FSA
The FSA want to keep us from knowing who its secretly funded. In fact, it is a poorly conceived idea with some seriously perverse incentives.
Posted by inflationwatch @ 06:07 PM (288 views) Add Comment
2 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. icarus said...
Very good point made here. If the govt secretly funds an ailing bank to 'maintain confidence' then it is running foul of its own rules about full disclosure that enables investors to make informed decisions. If it pulls the wool over investors' eyes in this way then there are grounds for litigation when/if the bank eventually succumbs to its inherent weaknesses.
2. renting2 said...
So, once they've started a secret bailout, they've got to see it through whaever the cost.