US closer to reforming banking

The United States moved closer to reforming the banking system yesterday when the final wording of the bill before Congress was agreed.  It goes someway towards restricting the range of activities banks can engage in, such as proprietary trading.  It also includes a new one-off levy on the banking system which is expected to raise $19bn.


While not perfect and not the full version of the Volcker Rule, this is a significant step in the right direction.  We should learn from it here in the UK.


Stephen Beer, 26/06/2010

KARMA MRA MGTOW (Guest) 07/07/2010 01:03
False accusations of rape make things even worse or the genuine rape victims, for some reasons feminists are blind to this. FYI: Perhaps the ultimate HATE crime is to accuse a man of rape, when he is innocent. Hmmm it will be interesting to see how a feminist would react if this happened to a male family member or friend rather than some male that probability deserved it.

 Recent Articles 
The false sense of security around executive pay
The changing nature of politics - Labour Conference
Interviewed on TWR Radio
The Tories' death rattle sounds
How Christians on the Left plans to build bridges between faith groups and Labour
 Labour News