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Originally Posted by Hugh
Because it was made by an American writer and film-maker for an American production company which has a record of focusing on US issues?
You may prefer this one on RBS
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Yeah that might account for it lol
---------- Post added at 12:59 ---------- Previous post was at 12:31 ----------
On the subject of economic meltdown and RBS in particular, the FSA seems to have accepted that it made some very serious mistakes in it's oversight of the finacial sector.
http://www.bbc.co.uk/news/business-16126399
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The UK's financial regulator will be highly critical of its own role in its report into the circumstances surrounding the collapse of the Royal Bank of Scotland, the BBC has learned.
Many aspects of the Financial Service Authority's work were "inadequate" or "deficient", Monday's report will say.
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.....the FSA did not understand the wider banking system before the crisis, it states: "By 2007 the entire UK banking system was dependent on wholesale funding and therefore liquidity had become a huge issue and that the FSA failed to appreciate this."
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The report will be particularly critical of the £49bn takeover of Dutch bank ABN Amro at the height of the financial crisis in 2007. RBS pressed ahead with the biggest banking takeover in history but ABN's main assets turned out to be all but worthless. It led to a £45bn bail-out of RBS by the UK government three years ago.
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