a blog, by Colin Pretorius
Pains me to say it but it's the Labour side of the UK political landscape who are on the sane end of the whole split-the-banks thing.
"The argument is that hedge funds, private equity and proprietary trading are a source of risk – that is not our general view," Myners said. "In the UK, the three activities were not responsible for RBS, HBOS or Northern Rock, who, on the whole, failed in the rather classic way of making bad loans.
File under: world : {2010.01.24 - 17:16}
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