but they did create total panic

Why? Because the Government has shown it created such a very weak 'regulatory' body that should have stopped it from happening in the first place.

Mervyn King wanted to make the emergency loan in secret - to prevent a run, but it was forced to make it public.

The FSA passed the buck, claiming "it wasn't evident NR was in so much difficulty"

The Treasury had a s**t Financial Compensation Scheme in operation, only protecting £2000. £2000! Then only 90% of the next £35,000 and then absolutely nothing after it. THIS WORRIED THEIR CUSTOMERS

The government has been caught metaphorically with its financial pants down. And it needs to be held to account.

Posted By: Stoopish, Nov 21, 13:11:51