UK regulator says Tory/Labour deregulation of the finance industry will attract more criminals & scandals. Regulators can't protect people & promote growth of the industry. Next time there won't be enough money for bailouts, finance has hits claws everywhere. Why play with fire? archive.ph/yTnj5 - ThreadSky

premnsikka.bsky.social • 77 days ago

UK regulator says Tory/Labour deregulation of the finance industry will attract more criminals & scandals.

Regulators can't protect people & promote growth of the industry.

Next time there won't be enough money for bailouts, finance has hits claws everywhere.

Why play with fire?
https://archive.ph/yTnj5

Comments

pensionerdave.bsky.social•77 days ago

Perhaps her priorities are wrong. Can she not see the wood for the trees?

https://youtu.be/ldwwOD5IY98?si=z_SwlMB44Y9fhL2K

pensionerdave.bsky.social•77 days ago

We would be better off if all those posh crooks in the city got proper jobs that really benefited the country. Check this out.

https://youtu.be/yZYXZR4AXSY?si=REElioiivt7HrNmW

bettinastruff.bsky.social•77 days ago

Donors.

colinmckeown.bsky.social•77 days ago

When the fire only generates 20% of the GDP it did 20 years ago, think a shake up is required. Especially as it was a major contributor to the 2008 crash and was bailed out by Joe Public who they then rinsed for years thereafter thanks to the “14 year clown club brigade”

markppp.bsky.social•77 days ago

The regulator may say that, but where’s the precedent?

I mean, apart from the 2008 global financial crash.

And casino banking with savers’ money.

And banks like Northern Rock and RBS needing government bailouts.

Apart from that, I say deregulate, baby, deregulate!

What could possibly go wrong?

zodiacbanana.bsky.social•77 days ago

Just to remind friends that it was thatcher's 'loosening' of the financial sector that led to the pensions scandal 20 years ago

Thousands of people lost BILLIONS of pounds

Instead we should strengthen financial regulation and extend prison sentences for fraud as in the US

etaaffe.bsky.social•77 days ago

It's a big problem, this is a big statement, but the finance industry is too corrupt to continue and burns too much for very little.
Anybody with a big enough brain to think the necessary thoughts is doing nicely thank you.
We have to buy them at any cost.

hotchkiss13.bsky.social•77 days ago

More government for the wants of the wealthy not the needs of the poor.

schadenfreude4u.bsky.social•77 days ago

Anyone who thinks deregulation of the financial industry is a fucking moron, or a grifting hedge-fund manager.
The whole industry is a scam, and anyone who supports it is a CUNT.

premnsikka.bsky.social•77 days ago

You may have seen this
https://leftfootforward.org/2024/12/the-government-shouldnt-pin-all-of-its-hopes-for-economic-growth-on-the-finance-industry/

joseph-yossarian.bsky.social•77 days ago

There’s a sense of desperation creeping in. Growth won’t magically appear and there are two obstacles to growth: Reeve’s refusal to spend public money on Green Energy and Brexit. So the bankers are going to save us.

lindakr.bsky.social•77 days ago

We don't need the regulator to tell us.
Anyone who lived/worked thru' the previous crashes knows what will happen (again).

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