Oil sheikhs eye 'global player' role
BBC NEWS | World | Middle East | Oil sheikhs eye 'global player' role
Well worth a read imho for many reasons.
Even the large UK bank Barclays has just recapitalised itself
from that source at higher cost than from the UK bailout fund
purely to escape additional UK regulation of its activities and
bonus payouts.
It also indicates the lengths that banks are prepared to go
in order to avoid additional regulation. Clearly, they still
regard themselves as beyond the control of anyone despite
swallowing huge amounts of bailout cash and liquidity funds
from governments, taxpayers and elsewhere .... plus of
course being responsible for the whole economic train crash.
This raises several questions .....
Do you still trust the banks/banking system?
Would you trust it more if it were partly state-owned/regulated ?
Would you trust it more if unregulated/free but part-owned by
foreign investors from elsewhere in the world?
The Masters of the Universe will not change their habits if at
all possible .... nor will their ardent disciples.
Going to be an "interesting" year or two ahead everywhere
Well worth a read imho for many reasons.
Even the large UK bank Barclays has just recapitalised itself
from that source at higher cost than from the UK bailout fund
purely to escape additional UK regulation of its activities and
bonus payouts.
It also indicates the lengths that banks are prepared to go
in order to avoid additional regulation. Clearly, they still
regard themselves as beyond the control of anyone despite
swallowing huge amounts of bailout cash and liquidity funds
from governments, taxpayers and elsewhere .... plus of
course being responsible for the whole economic train crash.
This raises several questions .....
Do you still trust the banks/banking system?
Would you trust it more if it were partly state-owned/regulated ?
Would you trust it more if unregulated/free but part-owned by
foreign investors from elsewhere in the world?
The Masters of the Universe will not change their habits if at
all possible .... nor will their ardent disciples.
Going to be an "interesting" year or two ahead everywhere
