Heli_port,
it wont be just down to the FSA/BoE. The whole monetary system needs a re-think on a global scale, other wise we face this type of melt down every so often. That's where we come in, if we were to curb the fractional reserve banking system and alter the way debt is accounted for, that is likely to restrict economic growth, and ultimately our own wealth. The reason I say 'we' is because this type of thing needs to come from government, not the banking sector, so we, need to vote for a government that will do that, if that is what we want. It's been said by a number of prominent top experts that these events will happen. It really has nothing to do with the Sub Prime markets, that's just where it started, it could easily have sparked off in another area of the financial sector. It's the system itself and the amount of debt used to create wealth that is at the root. There is a lot of debt that now has to be paid off. The party is over, we have one hell of a hangover and 'hair of the dog' wont be any use.