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Hbos, Fsa Et Al

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Read it and weep,


An Almost-Open Letter to the CEO and Chairman of the UK's Financial Services Authority

By Richard Smith

I propose an HPC poster email campaign to relevant politicos copying the link above and demanding a public enquiry under oath into the collapse of the UK banking system and specifically the alleged frauds at HBOS and RBS and the risible action taken by the FSA. The FSA must also be included in this enquiry since they are implicitly compromised as regulators.

I shall be contacting:-

Vince Cable





Requesting that they act on behalf of their electorate and not on bahalf of the banking cartel.

I would urge all HPCers to do likewise.

For starters here is Vince's email addy at the dept of whatever he's in charge of.


Prime Minster's Office


Deputy PM - via cabinet office






Any other email addresses most welcome.

Edited by Red Knight

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Post of the day = 2 replies in 4 1/2 hours.

This is the problem - they can do anything they want because for one reason or another, people just pass by with their eyes averted.

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You can see why there was a credit bubble with the alleged criminality here. To get those loans paid back, the state has had to devise all sorts of house price support policies, that ends up transferring the debt from this bank, to the state.

All along they should have let the bank collapse, let savers, bondholders and shareholders take the loss, and lock up criminal bankers and regulators and seize all their assets.

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  • 335 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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