Posts Tagged ‘Financial Services Authority’

Banks ‘too big to fail’ in the credit crunch are now far bigger

by Michael Meacher.

There several dangers that face the world economyat the start of this New Year – further outbreaks of violence both within and outside the Middle East, destabilisation caused by the abrupt halving or more of the oil price, the slow-down of world growth (China), deflation and possible breakdown in the Eurozone, and another banking crisis. […]

UK regulators are next to useless

by Michael Meacher.

The failure of the Bank of England over Libor, the failure of the FSA over the mis-selling scandals (pensions and then Payment Protection Insurance), the failure of the police over phone-hacking, the failure of OFWAT to ensure the water companies invested to upgrade water supply and sewerage schemes, the failure of any regulator to bear […]

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