Saddled with debt

Been a while since I posted something worthy of note.

A few points, firstly Mr Brown our Prime Minister. Now I dont recall voting for this guy at the last election, in fact I didnt vote for this party, but thats by the by. How can we as a country be brought to our knees by the borrowing this "unelected Prime Minister" has agreed to.

So lets add everything up over the past, include both world wars and every subsequent goverment since the first world war. In one swoop, we as a country have saddled ourselves with more debt than the TOTAL of all the previous governments PUT TOGETHER. We only finished paying off the USA for the second world war debt the united kingdon borrowed from them a few years ago.

Now, onto life in the recession. I was sad to see that my old company (bank) has finally gone to the wall and been swallowed up by another happily agreed to by the government and FSA. However, not 2 years ago a few banks were stopped from doing exactly the same thing as it would affect "market competition". Uhm, so lets think about that. We cant have banks taking over each other because it affects market competition and consumer choice, however, we can "knee jerk" into agreeing bank takeovers within a few hours when the markets get difficult. Surely double standards?
Well maybe this was done to stop a run on the banks because they were over extended and didnt have enough capital reserves? Sounds plausible doesnt it? however, the Financial Services Authority is responsible for ensuring that the banks adhere to the minimum funding requirements (liquidity). And waht was the FSA doing? none of us know for sure do we. - headless chickens come to mind.
So why is this important? well the government took...no removed this fundemental audit/check practice away from the Bank of England and gave it to the newly formed FSA. Uhm... ok, so heres my simple analogy.
Take an MOT check and station. its like saying "hey, you guys dont need to undertake an MOT on cars anymore, instead we want you to just fill up the wash bottles each time they visit, MOTs will now be undertaken by the local car wash center. Yep, the car wash knows as much about engines and car worthyness as the FSA knows about Banks and the financial instruments they use to run their business.