Forex traders have been shocked into behaving themselves but it might not last...

[Doggy Styles]

I don't agree in the "too big to fail" story.

You would if a load of your money was in there.

[DimPrawn]

I don't agree in the "too big to fail" story.

Some banks were holding the wealth of the global elite, who used the money to buy up all the cheap assets after the "crash".

These were the "too big to fail" banks.

[AtW]

I don't agree in the "too big to fail" story.

Barclays, Lloyds, RBS (+ their subbrands) are all too big to fail in UK - their combined market share probably 90%.

They will always be too big to fail.

[original PM]

I think Lehman were failed to prove a point.

Still see a lot of arrogance walking around the wharf though.

And you will continue to see it.

Not one single person in those types of jobs will believe what happened to that guy could happen to them.

[BrilloPad]

Some banks were holding the wealth of the global elite, who used the money to buy up all the cheap assets after the "crash".

These were the "too big to fail" banks.

At least the money was used to buy assets and not just held in offshore accounts.

[AtW]

At least the money was used to buy assets and not just held in offshore accounts.

They are not dumb to use their own money for it - assets were bought with 0% loans from said banks...

[unixman]

Barclays, Lloyds, RBS (+ their subbrands) are all too big to fail in UK - their combined market share probably 90%.

They will always be too big to fail.

I didn't say every bank should fail, only one or two of them. One or two should have been liquidated immediately. The crooks should then have been sacked and imprisoned, and the incompetent bankers released to find other jobs to which they are better suited (management, teaching, IT whatever). The banks would then have been run by a completely new set of faces and Libor (and the other scandals) would never have happened, because the culture would have changed.

As it is the banks are still composed of a strong criminal element. All the faces who brought you the 2007 crash are still there. In the meantime, we have had Libor, money laundering, links to drug cartels, asset stripping, banks deliberately failing business customers in order to asset strip, banks betting on business failure, corruption, collusion.. etc. etc.

[AtW]

I didn't say every bank should fail, only one or two of them. One or two should have been liquidated immediately.

If any of those banks folded, then insurance companies would fold, other banks too, and businesses that had money in them.

Lehman was allowed to go bust because it was investment bank and even that almost killed banking system

[unixman]

If any of those banks folded, then insurance companies would fold, other banks too, and businesses that had money in them.

Lehman was allowed to go bust because it was investment bank and even that almost killed banking system

Liquidate the banks and use the bailout money instead to pay back creditors directly. Bail out the creditors rather than the banks. And strip the banks assets (buildings, land), liquidate those and use that money too. Sounds harsh but that is business.

[BrilloPad]

Satan ice-skates to work following banker conviction

Clean pants and toilet paper sell out in City of London