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Timm

Fsa Warning On Risk "deficient"

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On BBC ticker now:

http://news.bbc.co.uk/1/hi/business/7274114.stm Select quotes, quite removed from their proper context, below:

The warnings given by UK regulators about potential risks in the financial markets are deficient, a report by a key parliamentary committee has said. The Treasury select committee said the Financial Services Authority (FSA) and the Bank of England should flag up risks... The committee is keen that the current credit crisis is not repeated.

Committee chairman John McFall said... "The Bank and FSA can no longer hedge their bets, throwing potential risks out into the ether and then washing their hands of the consequences...

[The] report (...) points out, "unfortunately you cannot regulate against stupidity".

Of course, you don't have to "regulate against stupidity", as ignorance is no defence.

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On BBC ticker now:

http://news.bbc.co.uk/1/hi/business/7274114.stm Select quotes, quite removed from their proper context, below:

Of course, you don't have to "regulate against stupidity", as ignorance is no defence.

Is the select committee unaware of how our banking system works? Banks reap the rewards of their actions when things go well, the wider economy absorbs the loss when things goes badly.

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  • 292 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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