Quote:
Originally Posted by Stuart
We keep agreeing. This is getting scary.
Seriously. I do agree. In an ideal world, the banks would act vaguely sensibly, and not act in a way that was likely to cause them bankruptcy in the long term. However, this world is not ideal, so it needs regulation.
The fact is that various governments (both Tory and Labour, and I suspect the Liberals would have done it given half a chance) have not only failed to stop them doing it, but actually encouraged them because it makes the economy look healthier.
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Hence all the gongs and plaudits from Brown to the likes of Fred the Shred. They were funding his crazy spending so he was hardly likely to be asking too many tough questions of them directly or via the FSA....
