Joined: Aug 12 2002 Posts: 5064 Location: Not Didcot
DaveO wrote:The idea it was regulatory failing is a joke.
You're right (presumably a 'stopped clock' moment). There's no way any regulatory authority could have been expected to see and act against the potential future issues particularly when the actual dubious activity wasn't happening within their country. Only a fool would think otherwise. Of course the same rational applies to the majority of the banking industry who, like the regulators, simply enjoyed the prosperity and didn't ask too many questions.
DaveO wrote:The idea it was regulatory failing is a joke.
You're right (presumably a 'stopped clock' moment). There's no way any regulatory authority could have been expected to see and act against the potential future issues particularly when the actual dubious activity wasn't happening within their country. Only a fool would think otherwise. Of course the same rational applies to the majority of the banking industry who, like the regulators, simply enjoyed the prosperity and didn't ask too many questions.
(23:25:06) Thecko: who'd want to rent a book? (23:25:10) Thecko: oh, libraries
Users browsing this forum: No registered users and 81 guests
You cannot post new topics in this forum You cannot reply to topics in this forum You cannot edit your posts in this forum You cannot delete your posts in this forum You cannot post attachments in this forum
