Yep, watch that programme, whether or not you like the BBC - (there's a bit of BBC sensationalism in it). I've only watched yesterday's, about JP Morgan and MF Global. But will definitely watch the rest. Thanks for the tip, Dave.

Only a year and a month ago, big bank CEOs were still lying about the state of their trading.
From the US Securities and Exchange, Mar 2013: JP Morgan had “a trading operation that piled on risk, ignored limits on risk taking, hid losses, dodged oversight and misinformed the public”.
'Misinformed' is US-speak for 'lied'.

According to the same programme, the EuroZone countries owe $11,000,000,000,000.
To whom, exactly?
Why does no investigative TV programme or journalist start asking? Or looking?

Ponder why the Met Police have just asked to be allowed to use water cannon. After concluding about 5 years or so ago that it was of no use.
Is it 'just' a frightener? Or is there something down the pipe? It's one, or the other.....

Imagine for a moment if the western world's engineering professions operated with the same behaviours as the world's financial professions.
Anyone want to hang around within reach of the London Shard? Or take a high-speed train through the Chunnel?

From the Chief Executive of the UK Financial Conduct Authority, during the programme: "There's no question whatsoever, we won't spot everything and there will be failures and there will be scandals in the future hopefully(!!) somewhat less than in the past......." (My emphasis).
Any likelyhood such a thing would ever need to be said about the construction of the HS2 rail line and rolling stock when it gets underway?
Or the next 'super passenger air-liner'?

Capitalism relies entirely on the integrity of captains of the financial industries, in the same way as civil construction relies of the integrity of engineers.
It seems to me that captains of financial industry have very little or no respect for capitalism, (consumed by greed?), and capitalism is doomed until that changes. If ever.

__________________
TTR250 - London to Cape Town