Wednesday, February 11, 2009

Nick @ Capitalists on Bank Regulation

I don't agree with the writers of Capitalists@Work on very much, but I've got to say that this little snippet based on the Select Committee hearings from Nick Drew is spot on:

And this is why we need regulators that are permanently ready to intervene. And this is why politicians who instruct regulators to turn a blind eye (Brown, Blair, this means you) are utterly, utterly culpable.

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