| Topic: | Re:Re:Re:Re:Supreme court backs bankers | |
| Posted by: | Alan Clark | |
| Date/Time: | 27/11/09 10:37:00 |
| Phil, the individual personal consumer saving and current accounts are not what really drives the banking system. The values here are tiny compared to business transactions and international transactions. So it is only 'our money' to this tiny extent. You're right about the 10% number - in fact that's the ratio that the Bank of England is now enforcing. Previously some of the banks were at 2-3%. However some of the banks were not so wayward in their dealings over the years and did not get any support from the governments of the world. So although they have indirectly benefited from the massive investments in the banking system there is also an argument that they would have benefited more in the long term from having their competitors go under. Do we punish them to? |