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Bank regulation plan 'a delusion'

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posted on Oct, 20 2009 @ 03:23 PM
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Bank regulation plan 'a delusion'


news.bbc.co.uk

The Bank of England governor has hinted that plans to reform UK banking through regulation alone may not be enough.

Mervyn King said it was a "delusion" that tightening regulation could stop banks' most risky activities from failing and leading to huge losses.

In his starkest warning yet, he said banks may have to separate their day-to-day business from more speculative practices if they are to get state aid.
(visit the link for the full news article)




posted on Oct, 20 2009 @ 03:23 PM
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Here's a turn up..

A top banker saying regulation is a delusion..

Why banks take high risk movements is beyond me anyway.. they are a business.. a business of trust that we, the people, rely on. We are forced to use them yet they make the worst gambles.

They don't deserve aid.. If they lose our money then it is us that deserves that aid.

If we make a mistake in our own business then we may lose it and have to start all over again.. as should they.. especially when it is found that they have acted with negligence.

They should be shut down and ordered to repay any moneys owed and let someone else start up a new banking busniess and let them have a go instead..


news.bbc.co.uk
(visit the link for the full news article)



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