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rock failure

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rock failure [′räk ‚fāl·yər]
(geology)
Fracture of a rock that has been stressed beyond its ultimate strength.
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In a bruising session over the Northern Rock failure, it famously accused the Financial Services Authority of being "asleep at the wheel", while it said former Bank of England deputy Governor Sir John Gieve had been "in the back shop while there was a mugging out front".
Bankers take the heat - but are hearings of any use? Treasury Select ... by Daily Post (Liverpool, England)
I UNDERSTAND that the Northern Rock directors will not be prosecuted regarding the Northern Rock failure.
VENT YOUR SPLEEN by Evening Chronicle (Newcastle, England)
Commons Treasury committee chairman John McFall said the FSA must learn the lessons of its Northern Rock failures and have the staff and expertise to supervise banks properly.
Danger missed by watchdog; Regulator to admit failings on Rock by The Journal (Newcastle, England)
 
 
 
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