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Groucho


Joined: 26/04/2008 Posts: 7993
Message Posted: 16/06/2010 17:47 | Join or Login to Reply | Message 1 of 4 in Discussion |
| Chancellor George Osborne has confirmed that he will give the Bank of England the key role in regulating the UK financial sector. Mr Osborne told the House of Commons that the current system of financial regulation had "failed spectacularly". He added that Sir John Vickers, former head of the Office of Fair Trading, would look into the potential break-up of Britain's biggest banks. BBC Take on the banks and..... lose! They really have no new ideas so they? This has all been talked about before... and talk was all it was. |
andre 514

Joined: 31/03/2008 Posts: 1163
Message Posted: 16/06/2010 23:49 | Join or Login to Reply | Message 2 of 4 in Discussion |
| well... boom 'n bust is inherent in the structure of the capitalist system, and it's all happened before the alternatives, over-regulation or communism have been tried and work even less well hitting the banks appeals greatly to the current mood, but they have merely helped people to live beyond their means, soothed with the now-obvious falshood that expansion never stops get the banks to pay more, well that will help the public finances at a most difficult time, though the cost will inevitably be unloaded onto joe and jane public in the end but seriously attack them and the retail banks will contract down while the merchant banks and their wealthy customers will skidaddle overseas, sure as eggs certainly there is some case for better supervion but it will have to be thought through carefully ...no easy answers! |
MartinM

Joined: 03/10/2009 Posts: 166
Message Posted: 17/06/2010 07:24 | Join or Login to Reply | Message 3 of 4 in Discussion |
| A film/documentary called "Zeitgeist" came out a couple of years ago and makes interesting viewing. If you can get hold of a copy ( thepiratebay,org ) it gives a slightly different slant on capitalism. |
Lilli


Joined: 21/07/2008 Posts: 13081
Message Posted: 17/06/2010 10:43 | Join or Login to Reply | Message 4 of 4 in Discussion |
| hi martin. i saw that film it really makes you wake your mind to what really goes on, and how long capitalism has gone on x |
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