tag:blogger.com,1999:blog-2948538160252327076.post8253008166509835220..comments2023-11-02T15:48:50.381+00:00Comments on UK Bubble UK Economy: The Treasury proposes a new framework for financial regulationAlice Cookhttp://www.blogger.com/profile/05753570123987780947noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-2948538160252327076.post-78106379161586829232011-04-05T10:35:03.856+01:002011-04-05T10:35:03.856+01:00It will just be another way of continuing with rec...It will just be another way of continuing with reckless lending that inflated the housing bubble up to 2007.<br />The FSA set up by Brown actively ENCOURAGED lending to anyone with a pulse - "soft touch regulation" was the mantra if I recall. <br />These new bodies...Different name, same objective.markbaldynoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-8191670270445941982011-03-10T15:56:02.011+00:002011-03-10T15:56:02.011+00:00I agree that we need to decouple from over-depende...I agree that we need to decouple from over-dependence on any one industry, especially finance, but regulating it out of existence isn't the way; removing political control of interest rates and the implicit guarantee of casino banking, coupled with a disembarkation of the Vichy State, it parasitic travellers and oxygen thieves, of the backs of manufacturing and business in general, complete with competitive low tax strategies to match, will even the odds a bit.<br /><br />Might get a few folks in banking willing to focus on investments with long term returns rather than short term shovelling of cash.Tomrathttps://www.blogger.com/profile/15442487511149915434noreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-70793618144340287572011-03-10T13:44:56.754+00:002011-03-10T13:44:56.754+00:00So how does this work to prevent what happened in ...So how does this work to prevent what happened in 2008? It seems to me that we are already moving fast down the road to a further crash.Elby the Beserkhttps://www.blogger.com/profile/15060519682739666145noreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-78135073848939901192011-03-10T11:58:19.628+00:002011-03-10T11:58:19.628+00:00Banks will find a way to evade regulations. They ...Banks will find a way to evade regulations. They always do.Vladimir the badnoreply@blogger.com