First of all we had the Financial Services Authority fail to regulate the banks leading to the 2008 crash.
And the MPs' expenses scandal .
And the West Coast Rail fiasco where the Dept of Transport cannot do sums.
And the NHS kills thousands and keeps schtum and no-one is held responible.
And the Food Standards Agency lets horse get into the human food chain and knows nothing until the Irish FSA tell them.
And the NHS kills thousands...
And now the Financial Services Authority admits it knew all about the Libor rigging scandal which made the banks $billions.. and did nothing.
"The Financial Services Authority has admitted there was widespread knowledge of Libor-rigging among its employees years before it launched an investigation in 2010, but denies "major regulatory failure".
tinyurl.com/a9mm8ez
The clear signs of abject decay?
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