The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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To: Giordano Bruno who wrote (46032)	6/29/2012 9:13:59 AM
From: maceng2	3 Recommendations Read Replies (2) of 71463

Mervyn says there is something wrong with the banking industry ... and it stretches right to the top. telegraph.co.uk /snippet Sir Mervyn King, who refused to back Barclays chief executive Bob Diamond, added that the behaviour of Barclays’ traders underlined the need to separate high street banking from casino trading operations. “What I hope is that everyone now understands that something went very wrong with the UK banking industry and we now need to put it right,” he said. “From excessive levels of compensation, to shoddy treatment of customers, to deceitful manipulation of one of the most important interest rates. “We can see that we need a real change in the culture of the industry. And that will require two things, one is leadership of an unusually high order and [the other is] changes to the structure of the industry.” /end snippet we need some Glass Steagal in spades here in the UK... Get your reality on !

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