Ministers Won't Call Banks' Bluff ; Letters

Summary

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AN investment bank is an institution which takes our money and gambles with it while demanding minimum regulation of its activities or, better still, none at all, by threatening mass defections of key staff to foreign parts where there are no jobs for them to go to, secure in the knowledge that if it loses heavily the taxpayer will pick up the bill.

Government ministers have been strangely reluctant or unable to call a palpable bluff and after David Cameron's veto in Brussels they will now find it politically expedient not even to try for fear of alienating a small group of influential diehards on the back benches in the House of Commons, who appear to be calling the shots with the deeply reluctant consent of the Liberal Democrats there who are singing from a very different hymn-sheet than they were a year ago.

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Ministers Won't Call Banks' Bluff ; Letters

Ken...

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