http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/4142209/Northern-Rocks-future-under-scrutiny-as-government-dithers.html
"Northern Rock asked for the waiver to be extended on December 23 and the FSA has given it until April 30 to conclude its review and recapitalise – a total of nine months since the first request. A clarification is expected today. The FSA's willingness to overlook the capital shortfall may provoke claims of special treatment."
It is quite incredible. Is this yet more evidence that the Financial Services Authority may not be as independent of government as is claimed?
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