Wednesday, 17 June 2009

Compare and Contrast


Chancellor Alistair Darling does not plan fundamental reform of the structure of the system that regulates UK financial institutions.


The US government has announced a major reform of banking regulation to prevent future financial crises. The overhaul of the banking system will require big banks to put more money aside against future losses and is meant to curb excessive risk taking.

So there we have it, the Badger thinks everything in the garden is rosey whilst the US havve twigged just how corrupt the whole system is.

However this is the telling line:

Mr Obama has said he expected Congress to "work swiftly to get these laws into place", but warned that his plans would be a "heavy lift" because they faced opposition from "special interests".

Yeah, the same special interests that has seen the so called Labour Party lying supine on their backs and waggling their arms and legs in the air as they've had their tummies tickled for the last 12 years.

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