The problem is that you are dealing with a conspiracy of silence, due to the size of the problems. They can't admit to just how big it already is and are even more scared of how big it could get.
Plus in our case it was Browns removal of B o E oversight of the Banks, in favour of the FSA, that caused the regulatory failure.....though that does not excuse the opposition, but they as usual, are no-where to be seen.
Here is a classic example, of just how bad the FSA is. AIG wrote trillions of OTC derivative crap, out of it's London office....The London Office invented.Credit Default Swaps, the very beast that is causeing most of the problems. Yet the FSA doesn't seem to have been aware, that office even existed and it sure as hell never had the capital, to back all that crap. Yet the FSA did hit AIG with it's sixth biggest fine ever, over a procedural error!!!!!!
Which is like giveing the getaway car a parking ticket and walking on, while it's waiting for the bank robbers.
The FSA, always was and still is useless. Only a moron like McSnot, could think otherwise.