FCA drop financial mismanagement probe.
I'm sure this thread will pass with as much hoo ha as the British public seem to be able to muster over what is clearly a cynical move to sweep the issue under the carpet. The FCA, UK's financial regulatory body, have dropped their investigation into the financial mismanagement that was part of the 2008 meltdown.
Not that anyone would ever have got prosecuted anyway, the FCA's remit was to look at ways to change the culture of poor financial management rather than pin responsibility on anyone in particular.
Seems even asking the question though is too much for George Osborne and his buddies as there are suggestions that it was the Government that put pressure on the FCA to drop the investigation.
The media is of course complicit, even though some are running the story, it's not a leader and the focus is on who ordered the inquiry to be dropped rather than the implications of covering up billions of £'s worth of fraud and the effect of the mismanagement on society.
I needed to filter through the top spam to find this story on the net, but what really grinds my gears is the unabashed cynicism of doing this on new years eve (Thursday) when the FCA, media and Gov know that most anyone will not be giving a fuck about anything until sometime a week later.