The coming US dollar crisis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The coming US dollar crisis

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

Recommended by:

ggersh

To: Pogeu Mahone who wrote (56723)	1/6/2015 10:48:35 PM
From: maceng2	1 Recommendation of 71454

"Shortly before Northern Rock was forced to request emergency loans, then-Governor Mervyn King told the Court that the “tripartite” system of financial regulation was working very well." & "However, by 12 December, after the run on Northern Rock, he had entirely changed his mind. He presented a proposal paper to the Court suggesting that the tripartite structure should be scrapped and that the Bank should have more powers over individual financial firms. It was a regulatory power grab by the Bank at the expense of the FSA. The minutes relate that Sir Callum McCarthy, the chair of the FSA and a member of the Court, left the meeting before that particular briefing began." independent.co.uk Looks to me like the BOE need to be scrapped as they don't have a clue. In fact the whole approach to money needs a serious and urgent review in all the available political processes.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next