06 October 2008

Banks in Ireland have a practical regulator

 
Their banks were in a worse state than ours, the only difference between that country and ours is that they have a sensible regulator! It therefore follows that we need to look at our lack of regulatory common sense, but sadly that won't happen will it Mr Brown?
 
When you think that London is the centre of the Universe for fancy financial instruments yet our 'Masters of the Universe' McKinsey regulators have once again failed to spot a dead parrot!

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