The Democrats love to portray their Republican opponents as the tools of big business, but they themselves are up to their necks in big money politics
“In part of the Rockies, warning signs were taken off the mountain roads. Do you know what happened? Accidents went down.”
The banking and energy markets were made uncompetitive by the Shadow Chancellor and the Labour leader.
Would he break up the Treasury to curb the power of Ed Balls?
We need a more diverse and local finance sector – like those on the continent.
Labour’s proposals are unworkable – instead, let’s have a concrete plan for the banking sector.
Indeed, the alternative policy I advocated at the time is now…the policy throughout the world as to how to deal with the next crisis.
A lot of people’s fingerprints can be found on the institution’s troubles, and personal attacks can carry political risks with them.
The jewel in the crown of a shared technology platform would be to make the customers’ transfer of accounts from one bank to another virtually automatic.
Two weeks ago the Deep End featured John Lancaster on the PPI mis-selling scandal. In a new article for the London Review of Books, he adds a twist to the tale: “In their response to last year’s budget, the OBR included a modest boost to ‘household consumption growth’, i.e. people spending money, thanks to the effect […]
The phrase ‘too big to fail’ can be interpreted in two ways – either to suggest that really big institutions are inherently stable thanks to their size and complexity (as they once said of the Titanic) or that the failure of such entities would leave such a big hole in the economy that governments cannot […]
There are lessons for today from the rise and fall of the “Lords of Finance” in the 1920s. Risk has been continually mispriced during recent years.