Blame our inadequate politicians for the slump, not the grasping bankers
1 June 2009
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In the Media
In the Media
John Blundell writes for Association Management Quarterly, Summer 2008
25 August 2008
Economic Theory
11 November 2024
Philip Booth writes for Yorkshire Post
“Politicians have created the conditions in which the self-interest of bankers has led to the destruction of the banking system”, writes Philip Booth, Editorial and Programme Director at the IEA for the Yorkshire Post.
He adds: “Politicians are to blame and they should accept responsibility. What we need is not more powers vested in regulators, but deregulation. This should be combined with some simple changes to the law to ensure that banks are held to account by the markets and that bankers do not get rich at taxpayers’ expense.”
He adds: “Politicians are to blame and they should accept responsibility. What we need is not more powers vested in regulators, but deregulation. This should be combined with some simple changes to the law to ensure that banks are held to account by the markets and that bankers do not get rich at taxpayers’ expense.”
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