Working For You - Or Working For The Bankers

[Gromit]

The retiring Governor of the Bank of England reckons the Chancellor George Osborne was working too much for the bankers

// Speaking in the House of Commons, the Chancellor did not deny claims that he and Number 10 lobbied the Bank of England's Prudential Regulation Authority "at the behest of the banks".
The allegations were made by Sir Mervyn, the outgoing governor of the Bank of England, in his last appearance before MPs on the Treasury select committee this morning. //

http://www.telegraph.co.uk/news/politics/10140948/George-Osborne-accused-of-lobbying-on-behalf-of-banks-for-weaker-regulation.html

Why would he do that?

[douglas9401]

Because he's a Tory and it's what Tories do.
We still flip-flop between toffs and proles because no politician has any real interest in making life better for everybody, only enriching themselves and their followers of whatever stripe.
It'll soon be the turn of Labour again where we'll see the setting up of grand new arts and social inclusivity projects which will turn out, after all the grant money's been spent on salaries and cars, to be unviable with lessons being learned.
It's just the game.

[sandyRoe]

I take it they want to continue to gamble with our money? If they win they trouser the bonuses and the fat pay cheques and if they lose we pick up the bill?
When the time comes there'll always be a chair at the boardroom table for a chancellor like him.

[Peter Pedant]

erm yes and no Gromit

is there any evidence that 'regulation' (the stuff we have rather than the stuff we pay for) works?
Health service regulation has catastrophically failed
Police regulation n Steven Laurence has a big hole in it

so why shouldnt he ?

I agree with CQC somone said: oh God this doesnt mean we are going to get a huge CQC-regulation-quango are we ? no they are gonna pump more money into it "more regulation" £40m's worth


As you can see, um I am not a Great Regulator as a cure for all our evils.

[Peter Pedant]

anway should ht this be

working for the taxman ?

We are just approaching tax equalisation day arent we ?

[Kevink]

Nice logic from Peter Pedant "The brakes failed on my car, therefore rather than spending money to improve them, them I think we should do away with brakes"

[Gromit]

Quid pro quo perhaps...

//
The Conservative Party has become reliant on bankers, hedge fund managers and private equity moguls for more than half its annual income, an independent analysis of Tory finances has revealed. Since David Cameron became Conservative leader in December 2005, the amount of money the City has given to bankroll the Tories has gone up fourfold, to £11.4m a year. Over those five years, the City has donated more than £42m to the party. //

http://www.independent.co.uk/news/uk/politics/revealed-how-the-city-bankrolls-tory-party-2208668.html

[mikey4444]

Well well well...the Tories being accused of being on the side of the big banks...whatever next !