tag:blogger.com,1999:blog-1141932539860553199.post8862065034467525439..comments2024-03-05T10:52:24.691+00:00Comments on Mark Wadsworth: Why it was called the Financial Shambles Authority and why it's now called the Financial Catastrophe AuthorityMark Wadsworthhttp://www.blogger.com/profile/07733511175178098449noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-1141932539860553199.post-3447791326379282732015-02-16T17:04:48.668+00:002015-02-16T17:04:48.668+00:00It could be worse. Under the French model, the la...It could be worse. Under the French model, the largest bank or regulated entity would get to nominate the chair of the regulator as well.Graemehttps://www.blogger.com/profile/11007306140530173428noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-80379807980485290162015-02-14T19:21:52.187+00:002015-02-14T19:21:52.187+00:00Well, if the FinanzSturmAbteilung are the bankster...Well, if the FinanzSturmAbteilung are the banksters' enforcers, that would explain why they harass the likes of Lola and let the HSBC get away with the sort of things that are in the news ATM.Bayardhttps://www.blogger.com/profile/15211150959757982948noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-88610337187034597032015-02-14T18:36:03.198+00:002015-02-14T18:36:03.198+00:00IB - "The big question of course is whether t...IB - "The big question of course is whether the central banking and associated instutitional system represent government control of banking, or banking control of government. Who's nationalising who?"<br /><br />Blimey that's a thought to ponder on.A K Haarthttps://www.blogger.com/profile/05897490979828603179noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-41153714206748185542015-02-14T18:05:50.201+00:002015-02-14T18:05:50.201+00:00IB, The trouble is that the huge international flo...IB, The trouble is that the huge international flows of money that can happen at the speed of light now are able to cross national boundaries instantly, and they can outmanouevre any attempt by national governments to regulate them.<br /><br />So I think it is probably banking control of government now.Rich Teehttps://www.blogger.com/profile/14037296506942507747noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-81567482801960134982015-02-14T17:53:22.722+00:002015-02-14T17:53:22.722+00:00IB, yes, I wonder about the same question. IB, yes, I wonder about the same question. Mark Wadsworthhttps://www.blogger.com/profile/07733511175178098449noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-61689953939528966222015-02-14T15:25:42.380+00:002015-02-14T15:25:42.380+00:00The big question of course is whether the central ...The big question of course is whether the central banking and associated instutitional system represent government control of banking, or banking control of government. Who's nationalising who?Ian Bhttps://www.blogger.com/profile/15436369802742523036noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-73428445288484939762015-02-14T14:59:39.416+00:002015-02-14T14:59:39.416+00:00"I doubt that the rent seeking and witless To..."I doubt that the rent seeking and witless Tories will properly exploit these revelations,"<br /><br />If you wanted to be able to help out your cronies, and them only, in banking and financial services generally, but not seen to be doing so, why not develop a 'regulator' with wide powers that is forever unaccountable to the people and its parliamentary representatives?<br /><br />It would keep the big boys in the style to which they were accustomed while harassing any upstarts that had the gall to encroach onto the big boys' territory. The Finanz-SS have something to recommend them to both sides.Bayardhttps://www.blogger.com/profile/15211150959757982948noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-19356161887774323672015-02-14T11:10:16.618+00:002015-02-14T11:10:16.618+00:00In September 2014, the CEO of Scottish Widows admi...In September 2014, the CEO of Scottish Widows <a href="http://www.telegraph.co.uk/finance/personalfinance/pensions/11081176/The-pensions-industry-is-in-danger-of-breaching-its-capacity-to-cope.html" rel="nofollow">admitted that his company can't cope and can't provide an acceptable customer service</a>.<br /><br />In February 2015, the CEO of the partly taxpayer-owned Lloyds Banking Group , the owners of Scottish Widows, <a href="http://www.dailymail.co.uk/news/article-2953107/Lloyds-boss-pick-7million-bonus-funded-taxpayers-s-4million-pay-packet.html" rel="nofollow">gets a £7 million performance-related bonus approved by the treasury</a>.Rich Teehttps://www.blogger.com/profile/14037296506942507747noreply@blogger.com