Sunday, 22 May 2016

Pick A Pocket Or Two

You are corrupt, he is corrupt, they are corrupt but I am the soul of discretion.  Ask Osballs or Camblair the EU lovers, whoever.  We need the EU to be bent to our financial will.

This longer but easy read by Ian Fraser in "Naked Capitalism" is clear in its meaning.  If you are looking for the big time classy corruption come to the UK.  They make the rest look like amateurs.

Central to all this are the finance and banking sectors, now the dominant parts of the UK economy.  Below is a long read but is as clear as possible given the subject matter.  It is from Bloomberg with hat tip to Automatic Earth.  If it is too long and intricate for the time, then skip read might be tried.

It is about banking in the world today and how it's self destructive operations that impact so much on society and the world economy might be contained and better regulated.

Mervyn King, former Governor of the Bank of England thinks that regulation might help to save the bankers from themselves in order to benefit the rest of us.

But given the level of UK corruption and its extent it is not likely to happen.

1 comment:

  1. Transparency International has a report on UK corruption called Paradise Lost. Worth a look.