Cameron questions FSA expertise

Meanwhile the Liberal Democrat Party says those responsible for failing to properly regulate Northern Rock should be held to account. During Prime Minister’s Question Time today, Cameron said the Bank of England should be responsible for rescuing banks due to a lack of expertise at the FSA. He also accused the Government of ‘dithering’ over the crisis, compared with the rapid response of the US Fed over the crisis at Bear Stearns. Liberal Democrat shadow chancellor Vince Cable also criticised the regulator and said those responsible for the failure of Northern Rock should be held account...