Wednesday, October 1, 2008

To all the Harry Hindsights here…

New banking rules: tread carefully

I part company with Harry, and do not charge all the banks and their regulators with a comprehensive failure to prepare. These are highly unusual, once-in-a-lifetime circumstances, and it is not reasonable to expect that all financial institutions could have positioned themselves to survive market conditions of this severity. But some massive, life-threatening mistakes have been made, and governments across the western world have been obliged to intervene in wholly unexpected and undesirable ways.

Posted by james @ 11:06 AM (333 views)
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3 thoughts on “To all the Harry Hindsights here…

  • james, with respect, because I know you mean well, what a load of complete and utter mindless twaddle.

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  • If you disagree with what Sir Howard Davies with his former Treasury, FCO, FSA, BoE, CBI, and LSE experience says, in one of the only sources that has an inkling of what’s going on, you might have the decency spell out why.

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  • Added to which – you posted 7 articles, spamming the board with nonsense. None of them from reputable sources.

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