Big banks should be split up

Indeed. Increasing regulation on the banks and breaking them up has been a Labour Party policy for quite some time now, but hasn't been as well publicised as some of their other policies.

The most recent banking debacle demonstrates, once again, how untrustworthy the banks are and how untrustworthy the Conservatives are when it comes to helping these people who continually wreck our economy in any way possible.

Splitting up the largest banks by way of a market share cap has been Miliband policy for some time, but today and in light of the HSBC tax scandal, Lord Lawson said on BBC World At One;



I completely agree. Unlike the free-market radicals in the "Conservative" (Ha! MacMillan would be rolling in his grave) and "Unionist" (Ha! Despite everything they do that's calculated to insult and provoke the Scots) Party. The Labour Party takes a pragmatic approach; we don't believe in the fetish of freedom from regulation at any cost and no matter how much it damages society.

This would even be beneficial from a free-market perspective; the benefits that would be rendered from smaller market units competing with each other would far outweigh the dubious
benefits of economy of scale that, in banking, really are not that necessary in the 21st century

Edit: It's quite funny to think that Lord Green, the HSBC Chief Exec at the centre of these swirling allegations (and the previous instance where HSBC laundered billions of dollars for Mexican drug cartels) was put in charge of "banking reform" by David Cameron.

It gets better, he's not just a banker, but also an ordained priest. When you add Conservative cabinet minister to the mix, it's starting to sound like a joke

Splitting up the largest banks by way of a market share cap has been Miliband policy for some time, but today and in light of the HSBC tax scandal, Lord Lawson said on BBC World At One;



I completely agree. Unlike the free-market radicals in the "Conservative" (Ha! MacMillan would be rolling in his grave) and "Unionist" (Ha! Despite everything they do that's calculated to insult and provoke the Scots) Party. The Labour Party takes a pragmatic approach; we don't believe in the fetish of freedom from regulation at any cost and no matter how much it damages society.

This would even be beneficial from a free-market perspective; the benefits that would be rendered from smaller market units competing with each other would far outweigh the dubious
benefits of economy of scale that, in banking, really are not that necessary in the 21st century

Edit: It's quite funny to think that Lord Green, the HSBC Chief Exec at the centre of these swirling allegations (and the previous instance where HSBC laundered billions of dollars for Mexican drug cartels) was put in charge of "banking reform" by David Cameron.

It gets better, he's not just a banker, but also an ordained priest. When you add Conservative cabinet minister to the mix, it's starting to sound like a joke

The only tax-scandal was the amount of money Labour gave the workshy and teenage Mums in benefits!

How much did you get again?

You're clueless. Those who don't understand a market should not be put in charge of regulating it.

I have never received anything in benefits. You're not still obsessed with thinking I have, are you? Its so funny, considering the remainder of TSR think I own half of Surrey.....

Nobody understands markets.

Several economists would argue that markets don't understand people.

:P

They are the worst kind...

As the banks are patently incapable of regulating themselves, it would be a good idea perhaps to appoint someone form outside to sit on their boards , specifically, to keep an eye on regulation?

Seeing as we own part of some banks as a result of bailing them out that should have been a condition of handing over the money.

Banks lurch from one scandal to another but with Mr Green , now David's business helper, in charge at HSBC, while it was busy helping millionaires, tax avoid, the time is surely now when something has to be done.

One thing is certain it won't be David Cameron who can be relied upon to do it - he's there to protect their interests isn't he?

As the banks are patently incapable of regulating themselves, it would be a good idea perhaps to appoint someone from outside to sit on their boards , specifically, to keep an eye on regulation?

Seeing as we own part of some banks as a result of bailing them out that should have been a condition of handing over the money.

Banks lurch from one scandal to another but with Mr Green , now David's business helper, in charge at HSBC, while it was busy helping millionaires, tax avoid, the time is surely now when something has to be done.

One thing is certain it won't be David Cameron who can be relied upon to do it - he's there to protect their interests isn't he?

I'm afraid that in your partisan smearing you've caught yourself out.

The HSBC scandal relates to over 100,000 accounts held with HSBC in 2007. Given that the Tories were out of power i find your claim spurious.

Granted the electorate look at detail even less than people on here so the Tories will be tarred somewhat.