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Total_Injustice

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Just listened to the piece on the Banking Regulation White Paper.

The Bankers are chuffed to bits, it easy street for them.

Some of the quotes:

“…it wasn’t the fault of poor regulation; it was the bank’s fault.â€

So remind me, why are we bailing them out?

“Interest rates will not be used to curb the next bubble. The EU will be given the mandate to determine the best way forward.â€

So what is the purpose of interest rates and why are they now being kept low? There's no leadership in the UK, this problem is beyond them, so they are going to let the EU fix our system!

This white paper is utter $hite.

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Guest BoomBoomCrash

More evidence where it needed that corporate power controls the government.

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Just listened to the piece on the Banking Regulation White Paper.

The Bankers are chuffed to bits, it easy street for them.

Some of the quotes:

“…it wasn’t the fault of poor regulation; it was the bank’s fault.â€

So remind me, why are we bailing them out?

“Interest rates will not be used to curb the next bubble. The EU will be given the mandate to determine the best way forward.â€

So what is the purpose of interest rates and why are they now being kept low? There's no leadership in the UK, this problem is beyond them, so they are going to let the EU fix our system!

This white paper is utter $hite.

Here's a bit more:

"Three concrete ways of preventing a future crisis have been rejected. Breaking up complex banks so that their "casino" part and their "piggy bank" part are separate, as in America in the 1930s, is ruled out. "

"Doesn't work, says Alistair Darling. Breaking up banks that are too big to fail, as implicitly called for by Mervyn King, also ruled out. "

"Finally, the idea of using interest rates to lean against the wind in an asset bubble is ruled out on the basis of the "Bank of England's successful record of interest rate setting over 12 years". "

"This, remember, is the Bank that raised interest rates during what we now know were the first two quarters of recession. "

And a good Link

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They printed all this money, they tried to get the Euro-zone to do the same...........which they have, but only a bit compared with US/UK. Like any failed left wing out of control goverment they decied that its all the fault "Spec-u-late-ers"...........Thus we must use "Price Stabiliztion", or Price controls.......which have NEVER worked in history.

Mike

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They printed all this money, they tried to get the Euro-zone to do the same...........which they have, but only a bit compared with US/UK. Like any failed left wing out of control goverment they decied that its all the fault "Spec-u-late-ers"...........Thus we must use "Price Stabiliztion", or Price controls.......which have NEVER worked in history.

Mike

The paper uses empty term like 'customer’ focus'. Sorry but many of the sheeple need protecting from themselves!

Giving the customer what they want and what they need are completely separate things.

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So Gordy Gimp tells the banks that they have to save more when times are good, so they have adequate reserves when times are tougher?

So why the f*** did he not follow his own advice as chancellor or PM.... :angry:

This man winds me up like no other <_<

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So Gordy Gimp tells the banks that they have to save more when times are good, so they have adequate reserves when times are tougher?

So why the f*** did he not follow his own advice as chancellor or PM.... :angry:

This man winds me up like no other <_<

+1 - Utter hypocrite

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