How on earth, most people wish to know, did we get to the precipice of full scale economic collapse in … Continue reading “Don’t make banks safe, just make it safe for them to fail”

The fundamental problem in the banking sector is that bank creditors are not exposed to risk of loss. Who are … Continue reading “ICB Interim Report – the wrong answer to the wrong question”

Ireland is not stupid. When credit is offered, it chooses the lowest rate. Ireland’s ‘bailout’ from the European System of … Continue reading “Is Ireland exploiting eurosystem loopholes at Germany’s expense?”

It is difficult to argue against the view that with assets about thirty times their capital in 2007, UK banks … Continue reading “The Bank is barking up the wrong tree”

Over at the Adam Smith Institute, Dr. Eamonn Butler criticises Stephen Williams’ proposals to give away the Government’s shares in … Continue reading “Giving away the banks is fraught with danger”

Nick Clegg today said that he understood bonus anger. I think that any sane person also understands bonus anger. It … Continue reading “Politicians should keep their noses out of bankers’ bonuses”