The bank debate pollies keep avoidingThere has been little real debate yet in Australia about the changes that may be necessary to ensure that our banks do not fall victim in the future to creating the kind of financial crisis that involved costly bail-outs in other part of the world, writes Richard Farmer.
UK banks
Political snippets: Assange shows his class
Every new publication by WikiLeaks is bringing in more donations to help the organisation keep functioning.
Business As Usual: NAB sees future in US … China’s monthly check up … Murdoch buys more UK TV channels …
Inflation is tipped to rise in China, Murdoch’s BSkyB picks up some Virgin Media businesses,BP’s spending plenty on lobbying and other business news from around the globe.
No sympathy for British wankers … err bankers
British bankers are upset at having their bonuses taxed a year after many were rescued by taxpayer money from the biggest financial mess they had helped create in decades. Who would ever have thought that?
Call to break up UK banks resonates here
Yesterday, the head of the Bank of England, Mervyn King, said he wants a break-up of banks to prevent them becoming “too important to fail”. It’s a message with some echoes in Australia.
