I read in the press that Ed Miliband proposes to split up the largest banks if Labour comes to power.
Apparently he feels that the present proposals by the government to ring fence the traditional retail banking operations from the risk of the investment banking element do not go far enough.
I have to agree that what little money I have in the bank should not be exposed to the actions of gung-ho investment bankers who have demonstrated in the past they can make poor decisions and welcome any protection that can be put in place.
My question is, as the banking crisis started under the last government, why did he not say or do anything then?
It is fine for him to say that the coalition is not doing enough in his opinion, but doing something is far better than doing nothing as his government did.
Finally, how far do we trust politicians of any political belief. I am certain that if Labour win the next election this promise will be quietly sidelined and forgotten.
No comments:
Post a Comment