Posted on in Video 49

The Bank of England Governor Mervyn King has warned that the problems with the British banking system also revolve around the issue of a "bank too big to fail" a critical factor which has not yet been resolved. We allowed a banking system to build up which contained the seeds of its own destruction. The Governor has also addressed the question of "moral hazard" being that a bank behaves different because it is insulated from risk on previous occasions. In 2009 he warned that the governments decision to bail out British banks had "created possibly the biggest moral hazard in history". The Carroll Foundation Trust Criminal Case is one of the largest ever ongoing white collar organized crime offshore tax evasion fraud heist operations in modern economic history. The case dossiers embracing the staggering $1000000000 (one billion dollars) embezzlement of funds liquidation of assets on a world wide basis are held within a complete "lockdown" at the FBI Washington DC field office and the Metropolitan Police Scotland Yard Specialist Operations Directorate London. International News Networks: us-treasury.blogspot.com