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browndarling

Listed below are comments made by browndarling between Monday, 22nd December 2008 and Monday, 22nd December 2008.

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How our banks were rescued 9:24pm on 22 Dec 2008 I've just watched Hector Sants on Panorama saying there was nothing that the FSA could have done.
It used to be a golden rule of banking that to lend long and borrow short was the way to perdition. Northern Rock demonstrated that in spades. The FSA is supposed to review bank business plans. Presumably there were no prudent old timers reviewing Northern Rock's plans.
Who is responsible for taking away supervision from the Old Lady? The man who saved the world - has he no sense of responsibility?

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