Quote:
Originally Posted by derekgas
The government (I think) have apparently removed some higher bodies from the banking system, but one of them leaves with a £580,000 pension!! And many people are forgetting which party started all this shareholder/privatisation/money grabbing debacle! I am pretty sure this has been on the cards since the days of maggie! And either none of the two main parties realised (which is laughable) or they chose not to do anything about it (which is even more laughable), I said earlier, i have no sympathy for the greedy letches who have earned billions over the years, and now are crying because they have lost little in comparison.
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Now isn't the time to blame capitalism. Lets blame those that failed to regulate the banking sector, because we had a damn sight better regulation before the Bank of England Act 1998 was introduced. People have been able to borrow far too much, and banks, bankers, have been allowed to lend far too much.
Markets are not perfect. They need careful regulation, which they have lacked under Brown/Bush. They are considerably more perfect than state ownership however.