Cameron out of it again

pqrdef

So we're in the middle of an economic crisis brought on by deregulation, Cameron goes to Europe to say that what we need is more deregulation, and he doesn't understand why the rest of Europe thinks he's a bit of an idiot.

PaulF81

not what the bank of england as head regulator are signalling.

ruggedtoast

The Tories always revert to type before long. If he got his way it would be back to Fortress Britain, workhouses and debtors prisons for the poor, and the odd magnanimous hand out from the rich to an orphanage/

They never learn and they never change, just like Labour, unfortunately.

CRASH_BANG_WALLOP

François Hollande talks sense on finanical regulation while cameron just sucks up to the City

Thrugelmir

pqrdef wrote: »

Cameron goes to Europe to say that what we need is more deregulation,

There's more to the economy than financial services.

Basel 3 is going to hit hard. So no worries on that score. Remember it was pushed back to 2018 as the G20 said that austerity in the Western world and implementation of Basel 3 capital regulations would have been too much to absorb at the same time.

tartanterra

pqrdef wrote: »

So we're in the middle of an economic crisis brought on by deregulation, Cameron goes to Europe to say that what we need is more deregulation, and he doesn't understand why the rest of Europe thinks he's a bit of an idiot.

More regulations doesn't mean better regulation.

Doing away with thousands of ineffective, ignored, complicated and ridiculous regulations is a good thing; especially if they are replaced with just a few simple, sensible and enforceable ones.

CLAPTON

in the US the implosion was caused by the Clinton's american dream; a house for everyone whether or not they had a hope in hell of repaying

in Ireland and Spain there was a mad house building boom caused by the very very low interet rates of a common monetary system (to suit the needs of Germany)

in the Uk we had a house price bubble caused by excessive bank lending and low interest rates


morons could see this

why do we need new regulations about transaction taxes or basel 111?

the solutions were available at the time but they were not applied by the regulatory bodies

so the answer is : give more power to those same bodies who did nothing last time and add lots more costs to all financial transactions (which, hint, won't be paid for by the bankers)