Monday, 23 March 2009

The intelligent bank manager approach

Well, trying to embed a window into a window doesn't seem to work with Blogger. So you'll have to click off and view this video yourself ...

In case you didn't see it today, here is a rare TV interview with John Redwood – courtesy of the BBC and Andrew Neil – in which he explains what is wrong with the government risking £3 trillion plus of public finance to support failing British banks.

Redwood says the Bank of England should have taken the intelligent bank manager approach, requiring the banks to restructure their activities and balance sheets before offering them far less financial support.

These banks are continuing to abuse our trust and our money, Redwood says.

View video here.

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