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Just double each future bailout, they will be fine.
"The FSA said that it had found no regulatory fault in the actions of the RBS board or its senior managers and that the bank’s near collapse, an event only prevented by £45bn in direct taxpayer support and several hundred billions of pounds of state-backed loan facilities, was simply the result of “bad decisions”.
There you go no fault just bad decisions, so problem solved.....next.
"The FSA said that it had found no regulatory fault in the actions of the RBS board or its senior managers and that the bank’s near collapse, an event only prevented by £45bn in direct taxpayer support and several hundred billions of pounds of state-backed loan facilities, was simply the result of “bad decisions”.
There you go no fault just bad decisions, so problem solved.....next.
At least post-Brexit we'll only have to bail out our own banks. Can you imagine having to bail out the Greeks, Italians, possibly the Portuguese?
Oh, and where I come from, "bad decisions" mean to get the sack, at the very minimum. Make "bad decisions" which require a £45bn bailout, you go to prison. One might ask what the letters FSA actually stand for? Sweary filters on full please, Cap'n...
His heart is in the right place - shame we can't say the same about his brain...
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