FSA TO INVESTIGATE RBS AND THUS BILDERBERGER MCKILLOP

I urge you to write to Lord Adair Turner at the FSA to highlight the presence of all of Obama's economic team (before Obama was even elected!) along with McKillop and a host of top bankers at Bilderberg last year, then perhaps Turner can shine some light on the scum.

Despite Lord Turner producing a report that explained how he thought the credit crunch developed, Turner has now instigated an investigation into Royal Bank of Scotland and the information provided to its board and shareholders. But don't get your hopes up yet. Co-investigators are some of the largest auditors in The City, you know, the ones that have signed off the banks' accounts for the last few decades.

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From http://www.telegraph.co.uk/finance/financetopics/recession/5141666/FSA-inquiry-to-investigate-bank-bosses.html


FSA inquiry to investigate bank bosses
The City regulator is to conduct a formal investigation into the events which led to last year's emergency Government rescues of HBOS and Royal Bank of Scotland (RBS), The Sunday Telegraph can reveal.


By Mark Kleinman
Last Updated: 9:39PM BST 11 Apr 2009


The Financial Services Authority (FSA) approached the "Big Four" audit firms last week to invite them to pitch for a mandate to assist with the investigation, which is likely to commence within weeks.

Sources in the accounting profession said last night that the FSA inquiry, about which the Treasury is understood to have been notified, will examine a range of issues, including the banks' risk management processes and the conduct of directors during the critical period last year prior to the first wave of Government rescue packages.

Led by a combination of the City regulator's senior enforcement and supervisory officials, the inquiry is expected to look at whether sufficient information was made available to the boards of the banks and their shareholders. It is also expected to include scrutiny of directors' competence during the periods leading up to rights issues that were undertaken by Bradford & Bingley, HBOS and RBS over the course of several months last year.