Originally Posted by Dame_Ann_Average:
Originally Posted by Sprout:
Just seen on the news after the footie. Chairman of Barclays (Marcus Agius) resigns
the rest of the jerks should follow him, but until this sh*te heap of a government deicide to regulate them properly they will always get away with shady dealings and high bonuses. Least whatever anyone says about labour, they did bring in some regulatory rules, although not enough by a long chalk
They did, but they were largely concerned with consumer protection, which were the scandals of the Tory years. As far as casino banking went, like the Tories and Bush's lot, they didn't think (or want to think) it was a problem and regulating it was not in the national interest.
They didn't regulate, they should have regulated, but when all the experts, advice and "smart money" says "regulating this is nobbling your financial services" then who'd go against the prevailing wisdom?