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  Sid - do keep to subjects you know something about.
  
  Clearly the tri-partied arrangement Brown put in place has been a dismal failure, indeed according to the latest IMF report worse than that, it has led to severe damage to the world economy. It revealed that since 1997 British banks have lent to US citizens an amount the equivilent to 10% of the US GDP - a vast sum of money. That is extended to other countries so the collapse of British bank lending has thereforenot only made the UK recession worse, it has damaged the world economy. So yes, brown has been not just a UK disaster but a world disaster. The IMF provide a map demonstrating the impact of Brown's mad reforms.
  
  With that background GO's proposals make clear sense. Restoring to the Bank of England many of the powers taken away by Brown to regulate Banks and adding more make sense with a clear ownership of financial macro economic prudence. The FSA has been a disaster, something I am personally aware of (and I am one IFA who is much more in tune with the thrust of the FSA's recent reforms than most...), that massive all in regulation model failed so getting a new regulator in charge of consumer interest makes clear sense.
  
  A few predominantly left wing commentators may not like it as they prefer the more Stalinist FSA model but that, if anything, indicates GO has got it right. Some extreme free marketeers (I am one though I dont agree with them on this) may also criticise it but again that is an indication that GO is on the right lines.
  
  This is a sound and sensible move that creates a clarity totally missing from the present arrangement and the changes proposed by Darling.

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