Monday, October 20, 2008

Industry leader blames Regulators, Government

Bank Crisis: 'Regulators To Blame'

Lord Levene, chairman of Lloyd's of London says he lays the blame for the current banking crisis on the financial regulators speaking to Jeff Randall. Then he gently drops the government into the mess..

Posted by alan @ 08:30 PM (630 views)
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2 thoughts on “Industry leader blames Regulators, Government

  • planning4acrash says:

    But, who is in control of the regulators?! Clearly, in America, Wall Street, as owners of the Feral Reserve, Bankers are indirectly responsible via their control of their own regulators. Don’t expect the general public to understand such an excercise of mind bending agility as to understand the double bluff and sleight of hand.

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  • “But he agreed that the banks had to do what they did as “the whole of the world as we know it works on a basis of trust”.”

    I always trust that they will be remorselessly self serving and profiteering.

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