Thursday, October 9, 2008

What a shambles……………………..who’s fault is this?

UK slips from top 5 to 44th spot in sound banking survey

Britain, which once ranked in the top five, has slipped to 44th place behind El Salvador and Peru, after a 50 billion pound pledge this week by the government to bolster bank balance sheets.

Posted by sovietuk @ 12:08 PM (555 views)
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5 thoughts on “What a shambles……………………..who’s fault is this?

  • The government set the rules and framework.

    The regulators were supposed to regulate the banks.

    Regulators, Advisors and Government have been paid a lot of money.

    In the final analysis there were mistakes over capitalisation (among others). The system failed.

    Someone should go.

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  • How can the Benelux countries be in the top 10 ?

    And Spain below France ?

    I don’t think so.

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  • It has Iceland in 36th place, so I don’t think it is a very reliable survey.

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  • Eyes_wide_open says:

    @ Jon B

    Maybe they know more than we do.

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  • planning4acrash says:

    Resist all calls for the euro, because that will be inflated even more.

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