Over at the Daily Mirror, Lib Dem deputy leader Vince Cable writes about the “dangerous mood building up in the City. Bankers are straining at the leash. They sniff a chance to get back to business as usual.” Here’s an excerpt:
Last week the Governor of the Bank of England warned that banks which are “too big to fail” are simply too big. The UK taxpayer cannot stand behind global banks and the casinos, the big investment banks. These make their profits from speculative trades. Casinos are legal but are not banks. They have to be split off. …
Bankers think Parliament’s expenses scandal is their “get out of jail free” card. Politicians must still take a lead to protect public funds. We must not let the bankers exploit our weakness to get back to their bad old ways. Or Britain will pay the price in another financial crisis a few years hence.
You can read the article in full HERE.
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One Comment
Prohibit them from taking land as collateral and you’ve cracked it Vince.