PDA

View Full Version : Bank of England drops a NUKE!



Mega
11-29-12, 11:13 AM
http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/9711647/At-last-the-Bank-is-tackling-the-regulatory-fiasco-of-Britains-accounting-system.html

Shocker to everyone, expect me.
Once the Europeans (Germans) demanded new banking rules & standards....The "City" said piss off......the Eurpoeans then said they i-so-late the "City" from Euro bussiness.....the rest of the World would follow, indeed bussniess would flood to Germany because it would be seen as an "Honest (ish) House".

Our beloved Prime Minster said he fight to the last round.............but the battle is lost. The "City" is going to cleaned up & most of the scams will be cleared away...... but that also means the British will have to face the fact that 10-20% of their income will dissapear.......like their Northsea oil/Gas...

Mike

Mega
11-29-12, 03:20 PM
Holy Sh1t !!!!!!!!!!!
http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/9712722/UK-banks-face-60bn-black-hole.html
Its gone up from 35 billion to 60 Billion in 2 hours!
Mike