Quote:
Originally Posted by 1andrew1
The Global Financial Crisis (GFC) happened due to weak regulation. We need to be very careful before undoing any of the post-GFC legislation. Truss and Kwarteng need to do their home work on this very thoroughly first; we don't want to forget the lessons of the past.
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I agree, Governments and weak regulation created a monster, and had to bail it out. The individual "banker" acted entirely rationally, as did the shareholders of the banks consolidating their colossal losses.
---------- Post added at 20:30 ---------- Previous post was at 20:27 ----------
Quote:
Originally Posted by Damien
To be fair banker bonuses weren't the cause of the crash and the majority of legislation that was put in to combat the causes remains.
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What do we want?
Consolidated pay for the super rich.
When do we want it?
2007. If not, NOW!