Wednesday, September 22, 2010

Better late than never

Vince Cable to launch attack on 'murky' City practices

Vince Cable is to launch an outspoken attack on City greed and self-interest later as he seeks to soothe Lib Dem concerns about the coalition.

Posted by devo @ 06:42 AM (1068 views)
Please complete the required fields.



6 thoughts on “Better late than never

  • cat and canary says:

    This´ll be interesting. Will it change anything?

    “Even before he delivers Wednesday’s speech, Mr Cable has responded to criticism levelled at him after excerpts
    were released in advance.” … out the lobbyists come and in force.

    Sad that its being branded as an attack on capitalism, rather than an attack on players who distort capitalism. There are companies who do well without Cable´s so called “murky” practices.

    Reply
    Please complete the required fields.



  • There is no fool like an old fool. This amounts to an attack on business by the business secretary.

    Government – and especially BOE with very low interest rates – has had a massive hand in the current economic mess. They should get out, and keep out of the way. Business is already massively regulated – it’s the regulations that are at fault.

    Reply
    Please complete the required fields.



  • “Why should good companies be destroyed by short-term investors looking for a speculative killing, while their accomplices in the City make fat fees? Why do directors forget their wider duties when a fat cheque is waved before them? Capitalism takes no prisoners and kills competition where it can,”

    Good on you Vince !!

    Reply
    Please complete the required fields.



  • Its all talk. Cable is in danger of becoming a 2nd Brown unless he actually takes action instead of just feeding the press with soundbites.

    Reply
    Please complete the required fields.



  • C&C: “Sad that its being branded as an attack on capitalism, rather than an attack on players who distort capitalism.”

    Exactly. Capitalism based on abstractions of capital. Try eating abstract food for a week.

    Reply
    Please complete the required fields.



  • hpw:”There is no fool like an old fool.”

    I shan’t ask your age.

    Curious isn’t it. The raison d’etre for this site, the explosion in house prices brought about largely by unregulated credit, is populated by comments that belie this. Vince Cable, one of the few politicians that foresaw the problems, and who dares to challenge the hegemony of corporate Britain, is dismissed as just another pontificating MP. Well, perhaps his comments will have no other effect than attract jeers and sneers here and from CBI VIs, but at least he is saying something worth saying.

    Reply
    Please complete the required fields.



Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>