Jump to content
House Price Crash Forum
Sign in to follow this  
gruffydd

Are The Fsa A Joke Or What?

Recommended Posts

Phoned the FSA and asked whether Alistair Darling's statement about protecting deposits referred to 'existing' deposits or 'all' deposits. Answer - only exisiting deposits. Then contacted newspaper contact who told me the Treasury had told him that it referred to 'ALL' deposits at Northern Rock.

:ph34r:

Share this post


Link to post
Share on other sites
Phoned the FSA and asked whether Alistair Darling's statement about protecting deposits referred to 'existing' deposits or 'all' deposits. Answer - only exisiting deposits. Then contacted newspaper contact who told me the Treasury had told him that it referred to 'ALL' deposits at Northern Rock.

:ph34r:

let's just say that the arrangement set up by the Financial Services & Marketing Act 1998 has not been properly tested yet. I don't think Mr McCarthy came across as being very convincing on Newsnight last night.

Share this post


Link to post
Share on other sites

Ive had no reply from BoE.

I think it is significant that there is no statement (beyond what Darling said on TV after Paulson mtg) covering this.

There is no written statement of the terms, scope etc etc on either the Bank, Treasury of FSA websites.

They are hoping to liquidate NoRK as soon as possible so they never have to actually back it up. It was a sleight of hand designed to get the sheeple of the streets and buy them time.

Share this post


Link to post
Share on other sites
let's just say that the arrangement set up by the Financial Services & Marketing Act 1998 has not been properly tested yet. I don't think Mr McCarthy came across as being very convincing on Newsnight last night.

...the rule in dealing with money is don't believe anything until you see it in writing.....have you seen anything in writing from the government....?... :o:o:o .

Share this post


Link to post
Share on other sites
...the rule in dealing with money is don't believe anything until you see it in writing.....have you seen anything in writing from the government....?... :o:o:o .

There is a possibility that Brown acted ultra vires. Under EU law bailing out a private bank may be illegal. If so, the guarantee falls on the person making it. Bottom line Brown and his minions may now be personally liable for the banks they purported to gurantee with taxpayers money.

GOTCHA!

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 356 The Prime Minister stated that there were three Brexit options available to the UK:

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.