Because lax regulation worked out so well in 2008, didn’t it?
Insanity is doing the same thing over and over again and expecting different results.
Tory logic: striking workers bad, multi-billion bank bailouts good
It feels like a step back to pre global recession standards, but at least capital requirements look to be upheld.
I can’t see this being implemented prior to the next GE?
Bankers are going to be encouraged to take greater risks. That might work out well if they pay off, however ‘if’ is doing a lot of heavy lifting there. Average people are reminded that investments can go down, as well as up; bankers will take great risks and that comes with the possibility of great failure too. The City has lost its place as the financial capital of Europe, let’s hope it does not go too far to try and recoup some of the profit lost as a result of that.
Gambling with a tax payer funded bailout safety net – what’s not to like?
Interesting language choice from the BBC here.
“Shake Up,” would usually imply an improvement or “toughening,” of regulation, whereas in reality this is the Tory’s giving the guys they used to play soggy-biscuit with at Eton a free rain to fuck the economy and be bailed out by the taxpayer again.
The fire sale continues. What a disaster this will be. Funny to see all the issues in the UK currently and the tories are more concerned with bollocks like this. Still waiting on the inevitable worker’s rights being gutted and strikes being outlawed.
“*Looks like Singapore-on-Thames is back on the menu boys!*”
This is going to end well…
NARRATOR: It didn’t end well…
The Tories are deregulating the banks again.
This should be the top story here by a country mile. Yet it hardly has any votes.
Privatised profits, socialised losses.
This isn’t a Tory thing, it’s an establishment thing. 2008 didn’t happen under the Tories.
11 comments
Because lax regulation worked out so well in 2008, didn’t it?
Insanity is doing the same thing over and over again and expecting different results.
Tory logic: striking workers bad, multi-billion bank bailouts good
It feels like a step back to pre global recession standards, but at least capital requirements look to be upheld.
I can’t see this being implemented prior to the next GE?
Bankers are going to be encouraged to take greater risks. That might work out well if they pay off, however ‘if’ is doing a lot of heavy lifting there. Average people are reminded that investments can go down, as well as up; bankers will take great risks and that comes with the possibility of great failure too. The City has lost its place as the financial capital of Europe, let’s hope it does not go too far to try and recoup some of the profit lost as a result of that.
Gambling with a tax payer funded bailout safety net – what’s not to like?
Interesting language choice from the BBC here.
“Shake Up,” would usually imply an improvement or “toughening,” of regulation, whereas in reality this is the Tory’s giving the guys they used to play soggy-biscuit with at Eton a free rain to fuck the economy and be bailed out by the taxpayer again.
The fire sale continues. What a disaster this will be. Funny to see all the issues in the UK currently and the tories are more concerned with bollocks like this. Still waiting on the inevitable worker’s rights being gutted and strikes being outlawed.
“*Looks like Singapore-on-Thames is back on the menu boys!*”
This is going to end well…
NARRATOR: It didn’t end well…
The Tories are deregulating the banks again.
This should be the top story here by a country mile. Yet it hardly has any votes.
Privatised profits, socialised losses.
This isn’t a Tory thing, it’s an establishment thing. 2008 didn’t happen under the Tories.