Re:Central banks are still testing the limits to how low int...
by TheOtherHobbes on Wednesday December 09, 2015 @02:11PM
(#10705986)
There are regular criminal prosecutions of banks in the UK.
Regular. Criminal. Prosecutions.
The idea that there's effective regulation is bizarre. In reality the regulation consists of banks doing a lot of dodgy shit, and mostly not getting caught.
How long did it take regulators to realise that Madoff was running a Ponzi scheme?
I don't think stable, long-term businesses are capital constrained - I think democratically elected governments are.
And that's a serious problem for anyone claiming that that fact is compatible with effective regulatory oversight.
Regular. Criminal. Prosecutions.
The idea that there's effective regulation is bizarre. In reality the regulation consists of banks doing a lot of dodgy shit, and mostly not getting caught.
How long did it take regulators to realise that Madoff was running a Ponzi scheme?
I don't think stable, long-term businesses are capital constrained - I think democratically elected governments are.
And that's a serious problem for anyone claiming that that fact is compatible with effective regulatory oversight.