Comments about ‘Barclays CEO Bob Diamond bows to pressure and quits’
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If I hear one more conservative rant that banking regulation is holding us back, I think I will hurl chunks. Sorry for being so graphic, but somehow we hear over and over again by faithful conservatives that the problem is the government, and that the markets will self regulate. We hear rants and raves how Obama lost a 1/2 million in Solyndra, and yet where are the conservatives howling about the now 9 Billion dollar trading loss - that has grown from its original 1 billion at Mogan Stanley. And now we have UK banks (this is just the first indicted) found trying to collude and manipulate interest rates, all the while using public "bailout" money. Take the publics money - and then screw them with it.
I am all for competition. It really is the innovation engine. But competition can still run under rules. Sports have rules, and yet they stay compelling and competitive. Why can't business.....
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