New Banking Act comes into effect

Generali

mewbie wrote: »

re: reporting to Parliament. That's not particularly encouraging in any way.

Bank: "Ok, so we've shorted calls on the FTSE at 3800. Looking at covering long CAD/NOK cross....."

MP: "erm........."

jay3_2

ad44downey wrote: »

No, but maybe we should close the other stable doors first that still have horses in them

So you do agree with the new legislation, that's good.

And the other stable doors would be....?

abaxas

Is this the infamous, "We dont have to tell you when we are insolvent" legislation?

Good stuff really, maybe I'll put that in my next tax form.

blakester

ad44downey wrote: »

Closing the stable door after the horse has bolted.

This regulation has got to be a step in the right direction has it not? Yes the horse has bolted and it isn't coming back but at least something is being done to repair the situation. We will be a long time recovering from the economic crisis and there isn't a quick fix. IMHO.

purch

Well someone is short 16801 June calls on LIFFE

Selling calls..................tut tut

should be illegal !!!!!

Dan:_4

Dooooooooooooooonut wrote: »

quite right all these greedy bankers with these really really complex derviatives of derivatives that dont even exist noone understands and their billion pound bonuses stealing from the poor!!!!!!!
AND THEY MADE ME BORROW £17K ON A GE STORE CARD AT 29.9% TO BUY A POVERTY SPEC 3 SERIES AND NOW THEY WANT ME TO PAY IT BACK BUT I DON'T HAVE ANY MONEY :EEK:
IT'S NOT MY FAULT
I NEED A (((((HUG)))))!!!!!!!!!!111

lol

Shift it onto a 0%