Quote:
Originally Posted by jaysay
We had banking regulations in this country Eric until Gordon scrapped them, if the bank of England had still been monitoring the situation these banks would have had their hands tied somewhat not allowed to run amok
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Let me think about this one
So ... now we have Gordon Brown being blamed for the greed of well-heeled tory supporters
Remember, those institutions which ran "amok" and screwed up the economy are staffed mainly by rock solid (esp. between the ears) tory supporters.
We have banking regulations. We have the most stable banking system in the "developed" world ... the only party threatening to tinker with our system is the conservative party. Recently, several of our major banks including CIBC and HSBC have been fined millions for misleading investors. Looks good on 'em.
Pity they didn't get jail time.