Anorak | Explaining That Banking Reform To You

Explaining That Banking Reform To You

by | 14th, September 2011

HERE’S a little handy cutoutn’keep chart for you explaining all the fuss that’s going on about reforming the banking system .

Yes, that’s right children. Most of the banks that did have a casino banking operation didn’t fail. And most of the banks that did fail didn’t have a casino banking operation. So, making sure we don’t have more banking failures by ring-fencing casino from high street banks doesn’t seem to be doing anything very much useful, does it?

So the banking reform we are getting is pretty clearly not about stopping whatever it was that went wrong

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Posted: 14th, September 2011 | In: Money Comment | Follow the Comments on our RSS feed: RSS 2.0 | TrackBack | Permalink