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The New DU. Reply #43: "Kill off UK reforms before it spreads"
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Ghost Dog
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Wed May-12-10 01:49 PM
Response to Reply #37 |
| 43. "Kill off UK reforms before it spreads" |
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(Comment at the above): ... Vince Cable was appointed Business and Banking Minister. He's probably the most anti-bank politician in the UK. He's a Lib Dem and the Lib Dem official policy is to break up the banks retail from their investment banking arms. (The Lib Dems call it their "Casino Arms"). The Tories agreed to implement this policy as part of the Alliance Agreement.
Both he and the Tory Chancellor believe there needs to be a special bank tax and that the bonuses are immoral and only earned because the banks are a cartel.
Pretty strong stuff and if there is any truth to the ZH meme that the big banks jerk the markets around to apply political pressure then the UK would be the obvious target as if the UK gets these policies in place, its likely the EU will copy them and then the pressure will rise in the US to do the same.
If I was a vampire squid and was directing my shoal of lampreys, I'd direct all of them to kill off the reforms in the UK before it spreads...
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