Originally posted by MrMark
View Post
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Reply to: If banks are too big to fail
Collapse
You are not logged in or you do not have permission to access this page. This could be due to one of several reasons:
- You are not logged in. If you are already registered, fill in the form below to log in, or follow the "Sign Up" link to register a new account.
- You may not have sufficient privileges to access this page. Are you trying to edit someone else's post, access administrative features or some other privileged system?
- If you are trying to post, the administrator may have disabled your account, or it may be awaiting activation.
Logging in...
Previously on "If banks are too big to fail"
Collapse
-
I think Lloyds - hbos is a little different as lloyds basically did us all a favour and absorbed a lot of debt of from HBOS.
Could you imagine what would happen if, for example, RBS just disappeared - with all the companies they own.
The annoying part is that the government came out aftwards with 'we need radical changes, separate the banks up, tougher regs, etc' and now they are quietly trying to drop it all and say that they just need to be a little tougher and ask the banks what they are doing at some point.
I agree that they should have been 'saved', but think as failed businesses they should have been slowly wound up and closed down. I think this was the original plan with Northern Rock?
Perhaps the other option is to promote building societies more to consumers as they (afaik) don't seem to have suffered the same problems?
Leave a comment:
-
Originally posted by BrilloPad View PostIf banks are too big to fail why are they allowed to get so big in the first place?
There is talk of re-enacting it on both sides of the Atlantic.
I agree that there should be a separation and that the separate functions should also not be concentrated into a limited number of banks.
By extension, this should be considered for other large companies. In the US the problems with GM is an example.
Leave a comment:
-
Too many people have their life-savings in banks. If you let the banks go under, there would be an uprising/revolution. They're too important in capitalist society.
Leave a comment:
-
Originally posted by suityou01 View Post.. It is my contention that certain banks are allowed to fail, and then the balance sheets are incorporated into a merged high street banking system. By reducing the number of banks, and giving the IMF and Eurozone more control it makes it more easy to implement a global monetary policy ...
Why not just *let* big banks fail regardless of the cost - Everything conks out sooner or later, and it gives good opportunities for new or smaller and perhaps more sensible banks to grow.
I mean it's no great tragedy when a large old tree keels over in the forest. It leaves a large hole and lots of nutrients for other life to exploit. including new young trees.
Leave a comment:
-
Originally posted by BrilloPad View PostIf banks are too big to fail why are they allowed to get so big in the first place?
If it's a question of the cost of the damage done by letting a bank fail far outweighs the cost of propping them up then absolutely I agree, that's madness.
It is my contention that certain banks are allowed to fail, and then the balance sheets are incorporated into a merged high street banking system. By reducing the number of banks, and giving the IMF and Eurozone more control it makes it more easy to implement a global monetary policy.
Simples.
Leave a comment:
-
If banks are too big to fail
If banks are too big to fail why are they allowed to get so big in the first place?Tags: None
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Streamline Your Retirement with iSIPP: A Solution for Contractor Pensions Sep 1 09:13
- Making the most of pension lump sums: overview for contractors Sep 1 08:36
- Umbrella company tribunal cases are opening up; are your wages subject to unlawful deductions, too? Aug 31 08:38
- Contractors, relabelling 'labour' as 'services' to appear 'fully contracted out' won't dupe IR35 inspectors Aug 31 08:30
- How often does HMRC check tax returns? Aug 30 08:27
- Work-life balance as an IT contractor: 5 top tips from a tech recruiter Aug 30 08:20
- Autumn Statement 2023 tipped to prioritise mental health, in a boost for UK workplaces Aug 29 08:33
- Final reminder for contractors to respond to the umbrella consultation (closing today) Aug 29 08:09
- Top 5 most in demand cyber security contract roles Aug 25 08:38
- Changes to the right to request flexible working are incoming, but how will contractors be affected? Aug 24 08:25
Leave a comment: