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Old 08-27-2009, 10:25 AM
eagleair89's Avatar
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Default Hmmmmm, More Banking Regulation Out of Left Field?

Some of the statements in this article are ummm, interesting.

BBC NEWS | Business | Support for tax to curb bonuses
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Old 08-28-2009, 08:31 AM
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So liberalism is a world wide disorder I guess.

These quotes blow me away...

'Why should the financial services industry be alone in requiring this model of bonuses?' and that it is not in line with the rest of the economy."


(this may be the most disturbing)
"Lord Turner said that a tax on financial transactions in the City would cut banks' profits, and thereby reduce the funds available for bonuses."

He said it could be "a nice sensible revenue source for funding global public goods".
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Old 08-28-2009, 08:48 AM
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that last line made my stomach queasy.

Beware of Lords & Ladies attempting to do good for the "little people" with other peoples monies

WAR EAGLE
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