Comments on: The unbelievable mercy of UK banks http://blogs.reuters.com/james-saft/2011/06/28/the-unbelievable-mercy-of-uk-banks/ Tue, 24 Mar 2015 16:54:45 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: NigeM http://blogs.reuters.com/james-saft/2011/06/28/the-unbelievable-mercy-of-uk-banks/comment-page-1/#comment-758 Sat, 02 Jul 2011 23:04:19 +0000 http://blogs.reuters.com/jim-saft/?p=470#comment-758 The last Labour government sat in power for a decade basking in the glory of a perceived banking and property boom until it burst.

Too many people sat idly by during those years and fiddled whilst the UK burnt, content to see their salaries, bonuses and property values soar, and yes I include myself in that category. Our politicians have shown over the past couple of years that they cannot manage their own financial affairs with any sense of morality, we would be fools to think they can manage the nation’s finances any better.

The UK’s financial regulators, for all their posturing, are still overly reliant on banks and other companies in the financial sector to police themselves. So perhaps the disclaimer on this particular subject should be “Past experience IS a guide to future performance” because on the face of it nothing is ever going to change.

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By: rwmccoy http://blogs.reuters.com/james-saft/2011/06/28/the-unbelievable-mercy-of-uk-banks/comment-page-1/#comment-751 Fri, 01 Jul 2011 05:01:47 +0000 http://blogs.reuters.com/jim-saft/?p=470#comment-751 It is very telling that there are so few comments to this article. This is probably why the banks are being tacitly permitted by the British financial regulatory authorities to flout sound banking practices. ‘Make the world go away’ is becoming a widespread reaction to bad news these days, and it is manifesting itself in some very curious ways.

Maybe the bankruptcy is in leadership, acceptance of responsibility and facing facts.

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By: cosmicinsight http://blogs.reuters.com/james-saft/2011/06/28/the-unbelievable-mercy-of-uk-banks/comment-page-1/#comment-738 Tue, 28 Jun 2011 22:54:37 +0000 http://blogs.reuters.com/jim-saft/?p=470#comment-738 Banks that take deposits and do retail banking should only lend and they should not be engaged in leveraged investment activity.There would not have been a financial magnitude of this order if this rule would be strictly adhered to.

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