24 Jan 2010Is it just a co-incidence that, now Obama can no longer force through legislation, he's brought up the issues to deal with the banks? With little chance of getting through, the little people that funded half of his election costs (with their dollar or two) will not feel so aggrieved and the big people who funded the other half will get what they paid for. And if (when?) it fails to become law - it can always be blamed on the nasty Republicans.UPDATE Mon 25th: In an interview with The Sunday Times yesterday, the darling Chancellor dismissed the move by Obama as acting for domestic political reasons only so there would seem to be no immediate rush to emulate the USA on this within the UK. "I dont think America has any detail to show us" he said. The Tories are however not quite so dismissive (see politics.co.uk). . . . .'Mr Osborne said. "I have said consistently that we should look at separating retail banking from activities like large scale propriety trading - and that this was best done internationally." ' But notice that this contains a get-out clause, ie: it probably won't happen unless every other country does it as well.
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