auditors gave FAILING UK banks "going concern" status because

[Spartacus]

hope this hasn't been posted before

the gov told the auditors the banks would be bailed out


http://retheauditors.com/

http://retheauditors.com/2010/11/28/...ing-a-bailout/

Sounds logical to me.

Totally puts the lie to "free markets thrive on free flowing information" ... , but still logical from the auditors' POV