posted on Mar, 27 2013 @ 05:15 AM
This is the kind of fiscal monitoring that should have been in place in 2008.
And, no, I dont think any haircuts will come from this. Any forced looting of UK investors will only come through EU blackmail.
When Mervyn King goes, it is all change at the bank of England, and although I am absolutely opposed to central banks, the new version of BOE looks a
lot better than the old, gung ho version.
I see the closing down of the FSA as really good news, this organisation was a big part of the banking cabal.
When David Fishwick (bank of Dave) wanted to open a tiny, tiny bank, the FSA (#;??ing smart arses) refused to even acknowledge his application. Then,
after the airing of the first show, they called him, and his advisors into thier fraud division office, under caution!
Immense pressure form some good guys in parliament, forced the FSA to concede, and accept that Mr Fishwick could open his tiny, tiny bank.
The Prudential Regulation Authority (PRA) will now be watching banking bad practise, and the Financial Conduct Authority (FCA) will support
Good riddance to bad rubbish.