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Old 10-11-2008, 07:41   #25
andrewb
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Re: Glenrothes Labour win

Quote:
Originally Posted by g jones View Post
There was too much red tape and AndrewB advocated not long ago to much state intervention.
Where regulation works well we need it, the banking sector is one of those places. There was definitely not enough of it in the banking sector. The Bank of England Act made sure of this by stripping down regulation. I think we could be in a better position now if we had kept effective regulation.
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