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!
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