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FTBagain

Obama On Bbc Now

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New regulation of whole system. The Fed to regulate those firms that could pose a great risk. If you pose great risk you have great responsibility. A new oversight body to take broad and long view.

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No systems to deal with the impact of an AIG (knock on effects of a bank failure already covered by post '30 depression.

A new body to look at retail issues. People taking out loans they cannot repay. Companies pushing complex products. Overly complex term and conditions will be banned. Standards applied to banks will be extended to wider lender companies.

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He will seek to close regulation gaps like hedge funds. And international rules. There will be a single set of regulations. All respository companies including hedge funds will have to maintain reserves.

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Wall St. just relocated to London

Ayear ago I would have said that would be a good thing for the UK. Now I get a serious oh sh*t feeling. how could we possibly bail out Wall St. :ph34r:

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Am I missing something here.

banks overlent and used their media stooges to endlessly pump incomprehensible debt as a lifestyle choice,aided and abetted by the government.

so same banks are now responsible for the regulatory reform???....huh :o

would you leave the kids in charge of the sweet shop?

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Guest sillybear2
would you leave the kids in charge of the sweet shop?

No, they might try and remortgage it.

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Am I missing something here.

banks overlent and used their media stooges to endlessly pump incomprehensible debt as a lifestyle choice,aided and abetted by the government.

so same banks are now responsible for the regulatory reform???....huh :o

would you leave the kids in charge of the sweet shop?

The old sleight of hand trick should keep Joe Sixpack satisfied for now. Until it all unravels again.

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