In a move that everyone was expecting; Tory Chancellor George Osborne has announced that he intends to scrap, the utterly pointless and overpaid regulator, the FSA.
The FSA, or Financial Services Authority, was made notorious for utterly failing to spot what everyone else could see; Bankers were utterly avaricious and the spawn of Satan, and that their rampant greed would lead the world to the brink of financial collapse.
This spectacular failure, led to the then Chairman famously stating "We're shit and we know we are, but at least we all earn more than any other Civil Servants and will continue to do so !"
The fact that the FSA have failed so spectacularly, yet continue to be paid massive bonuses and huge salaries, has led to calls for them to be replaced by another massively failing English Insititution that pays ridiculous salaries, namely the England Football Team.
Indeed it is quite likely that Fabio Capello, with his poor grasp of English and his nonsensical quotes, would still make more sense than Hector Sant and "red" Adair Turner.
Osborne, however, is not a fan of the Football replacement, and instead wishes to opt for a gaggle of wanking Monkeys, whom it is believed will still have more concentration and ability to regulate than the current shower of overpaid amoebas.
