What Should The Government Do?
The regulation has to change and it has to get much more focused on really understanding where banks are taking risks.
How they are managing those risks and how they are making sure that those risks don't get out of control because so many banks have fallen into a huge hole as a result of that. I absolutely believe that you have to protect savers from a collapse in the banking market and I am delighted to see that, that is what the Government have done through the credit crunch but I don't see why you should protect banks.
