Crymomma (and forum members)

The UK Government is trying to introduce new banking regulations to isolate (ring fence) the parts of banks dealing with mortgages, savings, loans, small businesses, etc., and the taxpayer, from the parts dealing with riskier endeavours.

I believe that banks that play fast and loose with money should not be allowed to call on the tax payer to bail them out, they should go the way of Lehman Brothers, i.e. into extinction.

BTW, I not heard of the US trying to introduce any new banking regulations, is that right?



UK Bob