The FSA now has a plan that allows banks to fail!

Did you know, Future society, Investment, The Credit Crunch, UK Politics 1 Minute

If the FSA now has such a plan then it is possible to let banks fail without the economy collapsing. If so then why didn’t we have that plan in place before? The FSA said in December that it needs to persuade the public that such a plan can work!

http://www.cityam.com/news-and-analysis/new-city-regulator-will-allow-banks-fail-fsa-says-sants

I am speechless! Various bankers were rolled out to persuade the public that no such plan could exist!

Published by jimlove

Published

Leave a Reply

Fill in your details below or click an icon to log in:

Gravatar
WordPress.com Logo

You are commenting using your WordPress.com account. ( Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. ( Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. ( Log Out /  Change )

Cancel

Connecting to %s