Sunday, December 18, 2011

Well, not soon enough then

Vickers report on banks to be accepted in full (by 2019)

The report, launched in the wake of the financial crisis, recommended separating banks' retail business from their investment business. Mr Cable said: "We are going to proceed with the separation of the banks." But by 2019, people wpould be so desparate for cheat money, they will vote Brown back in.

Posted by peter_2008 @ 02:11 PM (1409 views)
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3 thoughts on “Well, not soon enough then

  • Horse, Gate, Bolted, Whitewash, Unaccountable, Biggest Fraud in History.

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  • I like the minor caveat buried deep in the article about when this is going to be done by – the next eight years!!

    I never thought I’d say this – I’m closing the bureau … for an hour.

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  • mark wadsworth says:

    They are mentally ill, or they are taking us for mugs.

    Most people don’t know what “investment banking” is, nobody really knows, it’s just a rag bag of odds and ends that don’t fall under the normal concept of banking (like making loans and taking deposits, running the cash machines and direct debits and stuff).

    It wasn’t investment banking that did for them, neither was it running cash machines and direct debits, it was the good old fashioned credit bubble/house price bubble.

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