Realistbear Posted December 15, 2010 Share Posted December 15, 2010 (edited) http://uk.finance.yahoo.com/news/Vince-Cable-meet-FSA-chairman-reuters_molt-1622790560.html?x=0 13:46, Wednesday 15 December 2010 LONDON ( Reuters ) - Business Secretary Vince Cable will meet Financial Services Authority (FSA) Chairman Adair Turner on Wednesday to find ways of publishing parts of the watchdog's report into the bailout of Royal Bank of Scotland (LSE: RBS.L - news) , a spokesman for Cable's department said. "The Business Secretary wants to investigate various options for releasing aspects of the report, even if it is partly in redacted form," the spokesman said. The FSA is at present barred from publishing its report, which has not yet even been seen by Cable, the spokesman added. If Vince accepts a censored whitewash it will not be accepted. Where's Wiki? And who is "barring" the toothless mooshes over at FSA? We need an FBI to kick some ass, throw on some handcuffs and frog march some banksters out into the street into waiting vans. Edited December 15, 2010 by Realistbear Quote Link to comment Share on other sites More sharing options...
Democorruptcy Posted December 15, 2010 Share Posted December 15, 2010 Full public enquiry into financial crisis please. How else will any faults in the system be found and rules made to make sure it doesn't happen again. What's changed since 2007? Quote Link to comment Share on other sites More sharing options...
Papa Serf Posted December 15, 2010 Share Posted December 15, 2010 Full public enquiry into financial crisis please. How else will any faults in the system be found and rules made to make sure it doesn't happen again. What's changed since 2007? Its got alot worse Quote Link to comment Share on other sites More sharing options...
Realistbear Posted December 15, 2010 Author Share Posted December 15, 2010 (edited) Full public enquiry into financial crisis please. How else will any faults in the system be found and rules made to make sure it doesn't happen again. What's changed since 2007? It depends who goes down with who. This might be another "Countryman" scenario when that investigation in the ealry 1980's led to uncovering so much corruption in the London Police that the DPP said they had to fire all from Inspector up--a price too far to pay and was dropped. Kirstin Ridley, 14:20, Wednesday 15 December 2010 LONDON ( Reuters ) - The financial regulator wants to deliver its report into past failings at Royal Bank of Scotland (LSE: RBS.L - news) by March and would like permission from the bailed-out lender to publish part of its investigation. The Financial Services Authority (FSA) said Wednesday that RBS, 83 percent state-owned, would not allow detail from the confidential investigation to be publicly disclosed. FSA chairman Adair Turner said it would be desirable if there were a public account of the failure of RBS, adding the current stalemate was "extremely unsatisfactory." Banksters calling the shots it seems. Edited December 15, 2010 by Realistbear Quote Link to comment Share on other sites More sharing options...
longtomsilver Posted December 15, 2010 Share Posted December 15, 2010 Vince Cable is a very inteligent man who has a very thorough understanding of the predicament we are in. Unfortunately for us, he has a price and that has been paid for by the libcons. Don't expect waves re. RBS Quote Link to comment Share on other sites More sharing options...
R K Posted December 15, 2010 Share Posted December 15, 2010 (edited) Interesting that it's Vince who gets to agree the best way to cover this up. Not the Chair of the Treasury Select Committee - who could interview Turner under oath - and not Osborne - the Chancellor and head of the Treasury - but a Libdem underling. It's clearly just another cover up/whitewash to keep the plates spinning. Edited December 15, 2010 by Red Karma Quote Link to comment Share on other sites More sharing options...
leicestersq Posted December 15, 2010 Share Posted December 15, 2010 (edited) Full public police enquiry into financial crisis please. How else will any faults in the system be found and rules made to make sure it doesn't happen again. What's changed since 2007? There corrected for you. Anyone know any honest policemen and judges? Edited December 15, 2010 by leicestersq Quote Link to comment Share on other sites More sharing options...
Reck B Posted December 15, 2010 Share Posted December 15, 2010 hmmm. So the uk public own 83% of RBS yet are not allowed to see 100% of the investigation into it's failings? Quote Link to comment Share on other sites More sharing options...
billybong Posted December 15, 2010 Share Posted December 15, 2010 (edited) The Financial Services Authority (FSA) said Wednesday that RBS, 83 percent state-owned, would not allow detail from the confidential investigation to be publicly disclosed. The FSA being funded by the firms that the FSA regulates, such as RBS. Why a firm such as RBS that is regulated by the FSA is also in a position to censor information release is beyond belief. Edited December 15, 2010 by billybong Quote Link to comment Share on other sites More sharing options...
Realistbear Posted December 15, 2010 Author Share Posted December 15, 2010 hmmm. So the uk public own 83% of RBS yet are not allowed to see 100% of the investigation into it's failings? They might argue that they can keep the other 17% to themselves and decide which bits (names?) can be deleted. They obviously can't see or don't care how much suspicion they are creating. Quote Link to comment Share on other sites More sharing options...
Democorruptcy Posted December 15, 2010 Share Posted December 15, 2010 How can the FSA be impartial? If they find fault with RBS is it admitting their own regulation failed. Contact Vince: If you are not one of Vince's constituents and wish to contact him on a matter relating to his position as Secretary of State for Business, Innovation & Skills please send a message to: enquiry.enquiry@bis.gsi.gov.uk Quote Link to comment Share on other sites More sharing options...
copydude Posted December 15, 2010 Share Posted December 15, 2010 Vince Cable is a very inteligent man who has a very thorough understanding of the predicament we are in. Unfortunately for us, he has a price and that has been paid for by the libcons. Don't expect waves re. RBS Didn't Cable back down at the time of Northern Rock? In the end, there was no need to see the 'fundamentally sound' loan book? As I recall, he made a lot of noise about NR but went on to Strictly Come Dancing instead. Quote Link to comment Share on other sites More sharing options...
@contradevian Posted December 15, 2010 Share Posted December 15, 2010 Does Saint Vince like hill walking holidays? Quote Link to comment Share on other sites More sharing options...
Realistbear Posted December 15, 2010 Author Share Posted December 15, 2010 Watched St. Vincente on 4 news tonight. His eyes were shifting L to R rapidly as he was being interviewed. Almost like someone that was blind and didn't wear sunglasses. Was he nervous or reading summat--prompts from head office? I think his answers seemed okay, comes accoss as a straight up guy--a good fella. Quote Link to comment Share on other sites More sharing options...
nuts Posted December 15, 2010 Share Posted December 15, 2010 Report classified on the basis of the damage that the disclosure of the information would have to UK interests. Careful what you wish for ! Quote Link to comment Share on other sites More sharing options...
Snugglybear Posted December 15, 2010 Share Posted December 15, 2010 Report classified on the basis of the damage that the disclosure of the information would have to UK interests. Careful what you wish for ! So basically, the UK is the banks, the banks are the UK. Mind you, don't quite a number of posters on this forum hold this to be the case? On a scale of 1 to 10, how fracked is the entire country? Quote Link to comment Share on other sites More sharing options...
nuts Posted December 15, 2010 Share Posted December 15, 2010 So basically, the UK is the banks, the banks are the UK. Mind you, don't quite a number of posters on this forum hold this to be the case? On a scale of 1 to 10, how fracked is the entire country? There is no doubt that if the UK banks / banking system fails then then the UKas a whole fails.... and possible much of the western world thrown into depression. Quote Link to comment Share on other sites More sharing options...
Pole Posted December 15, 2010 Share Posted December 15, 2010 (edited) I think his answers seemed okay, comes accoss as a straight up guy--a good fella. He can say all he liikes. It's what he does that counts. The banks must be shitting their pants when they see St. Vincente... Yeah, right! Edited December 15, 2010 by Pole Quote Link to comment Share on other sites More sharing options...
South Lorne Posted December 15, 2010 Share Posted December 15, 2010 On a scale of 1 to 10, how fracked is the entire country? ....what do you expect after thirteen years of Clown Gordo holding the purse strings .... ?..... Quote Link to comment Share on other sites More sharing options...
Redcellar Posted December 15, 2010 Share Posted December 15, 2010 Shame the wiki leaks dude is locked up. He would have this out in the public for tomorrow mornings newspapers. And it damn well should be public. As soon as you take the public pound to get you out of trouble, you should forfeit all rights to secrecy from the same public. It's bonkers. Now don't get me wrong, I am not saying it has to go all over the broadsheets, if it's not in the financial interests of the country, but to not allow our MPs to read it is a joke, and that is what I have heard this means. Please correct me if I am wrong. I wonder if there is a Freedom of Information request that could get to this. What would allow them to with-hold? Quote Link to comment Share on other sites More sharing options...
copydude Posted December 16, 2010 Share Posted December 16, 2010 Watched St. Vincente on 4 news tonight. His eyes were shifting L to R rapidly as he was being interviewed. I think his answers seemed okay, comes across as a straight up guy - a good fella. You really are losing it lately, RB. I remember that Tony Blair saying, 'I'm a pretty straight sort of guy'. Quote Link to comment Share on other sites More sharing options...
Realistbear Posted December 16, 2010 Author Share Posted December 16, 2010 You really are losing it lately, RB. I remember that Tony Blair saying, 'I'm a pretty straight sort of guy'. I think Tony was referring to something else, not a reference to honesty etc. Tony was more less saying he was not....you know (nods head to left)..not (nods head a bit more to left)... The Banksters rule at the moment and the government feel powerless to reign them in. Our bankster friends in NY are getting post-Crimbo bonuses of $24,000,000.00 EACH despite even bigger tranches of taxpayer money having been given to them: http://www.bloomberg.com/news/2010-12-15/goldman-s-bankfein-deputies-to-collect-111-3-million-in-stock-bonuses.html Goldman Sachs Group Inc.’s top executives will get about $111.3 million in stock next month in a delayed payout from last year and their record-setting 2007 awards, even as Wall Street prepares for lower bonuses. Chief Executive Officer Lloyd C. Blankfein, 56, is poised to receive about $24.3 million in January, based on the closing share price on Dec. 14, while President Gary D. Cohn, 50, will get about $24 million, company filings show. The payouts, just a portion of the $67.9 million bonus awarded to Blankfein for 2007 and the $66.9 million paid to Cohn, reflect a 24 percent decline in the stock’s value since it was granted at $218.86. Within a year after the bonuses were approved, Goldman Sachs took $10 billion of U.S. bailout funds, converted to a bank and was borrowing as much as $35.4 billion a day from Federal Reserve emergency programs. Quote Link to comment Share on other sites More sharing options...
SomethingHasToGive Posted December 16, 2010 Share Posted December 16, 2010 Watched St. Vincente on 4 news tonight. His eyes were shifting L to R rapidly as he was being interviewed. Almost like someone that was blind and didn't wear sunglasses. Was he nervous or reading summat--prompts from head office? I think his answers seemed okay, comes accoss as a straight up guy--a good fella. I believe Vince Cable is a reasonable guy for an MP. He does understand economics. He does appear to have a conscience. He is willing to go against the grain if he believes he is right. But he is also pragmatic. That means he may go the banks way for the greater good or not. I can't tell. That's why he seems to have dithered over the tuition fees stuff. Quote Link to comment Share on other sites More sharing options...
MinceBalls Posted December 16, 2010 Share Posted December 16, 2010 Vince will say that it is important for the public to know the truth. Vince will go to meeting with said bankers and be told that if the truth is revealed it could cause a loss in confidence in the system and risk another credit crisis. And anyway, if push come to shove we might take our business elsewhere so there (with lots of stomping and sulking). Vince will then release a statement saying a full investigation will take place but in the smallprint there will be lots of caveats about certain people not being legally required to provide full disclosure. And so we go on. Anyone hoping for the truth better look elsewhere. http://uk.finance.yahoo.com/news/Vince-Cable-meet-FSA-chairman-reuters_molt-1622790560.html?x=0 13:46, Wednesday 15 December 2010 LONDON ( Reuters ) - Business Secretary Vince Cable will meet Financial Services Authority (FSA) Chairman Adair Turner on Wednesday to find ways of publishing parts of the watchdog's report into the bailout of Royal Bank of Scotland (LSE: RBS.L - news) , a spokesman for Cable's department said. "The Business Secretary wants to investigate various options for releasing aspects of the report, even if it is partly in redacted form," the spokesman said. The FSA is at present barred from publishing its report, which has not yet even been seen by Cable, the spokesman added. If Vince accepts a censored whitewash it will not be accepted. Where's Wiki? And who is "barring" the toothless mooshes over at FSA? We need an FBI to kick some ass, throw on some handcuffs and frog march some banksters out into the street into waiting vans. Quote Link to comment Share on other sites More sharing options...
Guest UK Debt Slave Posted December 16, 2010 Share Posted December 16, 2010 There corrected for you. Anyone know any honest policemen and judges? You gotta be fekkn joking! They are even more corrupt than the politicians Quote Link to comment Share on other sites More sharing options...
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