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Watchdog sorry for bank failings

http://news.bbc.co.uk/1/hi/scotland/7672632.stm

Britain's financial services watchdog has apologised for the failure to spot banking problems which led to the massive government bail-out


Well, thats alright then. No harm done :rolleyes:

Comments

  • ManAtHome
    ManAtHome Posts: 8,512 Forumite
    Part of the Furniture Combo Breaker
    Phew, yes - lucky escape or what...

    I reckon they'll insist on monthly reporting of consumer debt and bank lending - presumably at the moment they only report every 10 years or so?
  • pumpndump
    pumpndump Posts: 139 Forumite
    kipperman wrote: »

    Britain's financial services watchdog has apologised for the failure to spot banking problems which led to the massive government bail-out

    :rolleyes:

    Don't these people have a legal department? Are they admitting liability? If so, there are a few savages on this site who will scoop up the first ambulance chaser who gives them a calling card, and start sueing these people for lost interest, stressout, false arrest and imprisonment, assault, slander - you name it.
    In the field of investment, 99 per cent of everything is garbage. Why? Because we have "gearing". - Robert Beckman
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