The Banks let off - again!!!

[Darcydog]

The FCA investigation into the "culture" of the Banks and how this developed into the crisis that engulfed us all has been scrapped.

Looks like the Treasury put pressure on the FCA.

http://www.bbc.co.uk/news/uk-35204010

So yet again - the so called "independent regulator" charged with protecting the general public seems more keen on protecting the organisations that rip the general public off.

Happy New Year, same as the old Year(s)

[Lancpudn]

No surprise there then, It just shows who's really running the country.

[Duotone]

Maybe you should have read this first.

https://www.google.co.uk/url?sa=t&rc..._BVzc_tmhLz7Gg

Dave T

[Darcydog]

Originally Posted by Duotone

Maybe you should have read this first.

https://www.google.co.uk/url?sa=t&rc..._BVzc_tmhLz7Gg

Dave T

That's just Brown admitting to being an idiot.

The investigation was to be about Banking Culture - not telling us what we all ready know about Gordon Brown inability to keep up with reality

[wraymond]

The FCA closing it down, and Brown's idiotic about turn (again) were always in the offing one way or another. All related of course, but a house of cards it ain't. Wagons are still being circled (this is merely yet another defence reflex) to protect the really important (read guilty) grubby perps.

A famous man once said (and although I wasn't there I can quote him) "Truly, to tell lies is not honourable; but when the truth entails tremendous ruin, to speak dishonourably is pardonable". So, a downright lie is reduced in severity to merely 'dishonourable' which in turn becomes acceptable which in turn becomes the norm. In other words (and in Gov.speak) 'it's the bigger picture old boy, you wouldn't understand if I told you. Leave it to your betters'. It's called politics (all parties to and of) and the mucky business can't be done any other way. Apparently.

[Astraeus]

And ket us not forget the Pension crisis...


Again a Gordon Brown encouraged madness. Pension funds underfunded by about 20% and oh yes raided by about 20% by a certain G Brown in a windfall type tax.

We are surrounded and run by self interest....

The devil look after their own!

Chris

[Darcydog]

Originally Posted by Astraeus

And ket us not forget the Pension crisis...


Again a Gordon Brown encouraged madness. Pension funds underfunded by about 20% and oh yes raided by about 20% by a certain G Brown in a windfall type tax.

We are surrounded and run by self interest....

The devil look after their own!

Chris

Well said!

This tax on funded pension (that did not effect the Public Sector unfunded schemes) together with the constant embellishment of Final Salary schemes made such schemes more and more expensive and was the death knell of the Private Sector Final Salary Schemes.

The cost increase was never a problem for the unfunded Public Sector Schemes because the tax payer simply stumps up the money.

[RPWC]

Have the banks been eating sprouts then??

[BRMFUN]

The banks run the country, end off and this government is helping them possibly more than the last two governments did!
The problem is most politicians just look after themselves! And the Bankers well they know the government will bail them out!

[stevenicks]

Originally Posted by BRMFUN

The banks run the country, end off and this government is helping them possibly more than the last two governments did!
The problem is most politicians just look after themselves! And the Bankers well they know the government will bail them out!

ALL politicians look after themselves!