A View From Middle England - Conservative with a slight libertarian touch - For Christian charity and traditional belief - Free Enterprise NOT Covert Corporatism

Friday, July 03, 2009

Bankers get a warning from Darling

Chancellor Alistair Darling has warned that it would be "disastrous" for bankers if they returned to their old ways and repeated past mistakes. He says this -

"There are people who are too complacent in my view. Some (banks) are only operating at all because of very substantial support from taxpayers, who are entitled to tell the government we must not repeat the mistakes. If they go back to the way they were - to business as usual - without asking themselves over and over again whether they understand what they are doing, that would be disastrous for them and the rest of the world."

Sounds very good and plausible. Yes, the taxpayers are entitled to tell the government not repeat the mistakes of the past. But what if the future represents only casino banking? We have learnt nothing then. Surely as major stakeholders the Government can make sure these greedy bankers just learn to cut their cloth like anyone else. Why should they be a special case? What makes them so utterly different that they need all this money. Half what the chairmen of Lloyds and RBS get would be a decent enough package. They have sold their souls to the Devil!

Darling needs to get a grip. Play hardball with these tossers. It's no good giving sermons. We require cast iron guarantees that this finanancial rescidivists have repented and will from now on endeavour to do good for the country.


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