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)
5 thoughts on “What a shambles……………………..who’s fault is this?”
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alan says:
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.
Luckjim says:
How can the Benelux countries be in the top 10 ?
And Spain below France ?
I don’t think so.
jonb says:
It has Iceland in 36th place, so I don’t think it is a very reliable survey.
Eyes_wide_open says:
@ Jon B
Maybe they know more than we do.
planning4acrash says:
Resist all calls for the euro, because that will be inflated even more.