Brian Dixon
- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
Keith Sansum1
- Location: london
- Registered: 25 Aug 2010
- Posts: 23,888
certainly an interesting story
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Guest 716- Registered: 9 Jun 2011
- Posts: 4,010
The Wolf of Wall Street: Film review - Scorsese's film about rogue trader Jordan Belfort is on the money
Early on in Martin Scorsese's new film, Jordan Belfort (Leonardo DiCaprio) gleefully describes making money as being like "mainlining adrenaline." Belfort, the real-life rogue trader who set up "pump-and-dump" Long Island stockbroking firm Stratton Oakmont, is portrayed here as a reckless hedonist with an appetite for cocaine and hookers.
Full review Independent
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,888
Jyst another example
them and us
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Guest 716- Registered: 9 Jun 2011
- Posts: 4,010
Ed Miliband promises 'reckoning with our banks' to tackle cost of living crisis
Labour leader says he will turn tide of bank ownership becoming more concentrated, setting up new banks to challenge big five
Ed Miliband has promised he has the strength to tackle the vested interests in Britain as he pledged to dismantle the big five banks and force them to sell branches to at least two new challenger banks.
He said: "We need a reckoning with our banks, not for retribution but for reform to tackle the cost of living crisis in this country.
"After decades of banking becoming more and more concentrated, I am determined that Labour will turn that tide.
"I want to send a message to our small and medium-sized businesses: under the next Labour government, instead of you serving the banks, the banks will serve you."
He insisted the challenge of Britain's broken banks was the biggest test "of whether we are serious about building a new economy and tackling the cost of living crisis". British banking had some of most concentrated patterns of ownership in the world, he said.
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,888
Looks for some drastic changes
eds out of the box
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Guest 653- Registered: 13 Mar 2008
- Posts: 10,540
They must be allowed to make money - no one will do anything if they can't make a profit from it - human nature; the problem is when that level of profit, turns to greed.
Roger
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,888
exactly where we are at present roger
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Guest 653- Registered: 13 Mar 2008
- Posts: 10,540
But breaking up the Banks too much, will kill that profit motive.
Roger
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,888
Well Idont think theres many in the UK that ha to much sympathy for the banks(except you roger?)
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Guest 698- Registered: 28 May 2010
- Posts: 8,664
We need legislation similar to the American Glass-Steagall Acts which prohibited deposit-taking institutions from playing in the stock markets for more than 65 years. In my opinion it was the repeal of those laws in 1999 and the accompanying loosening of bank regulation generally which led directly to the collapse of Lehman Brothers. In the UK the rot started in 1987 when deregulation in the City (Big Bang) enabled big banks to buy and run stockbrokers.
We should also look at banking practices in much of Europe where ownership (and therefore governance) are bottom-up not top-down. This produces much more conservative risk appetites.
Knocking bankers willy-nilly shows an appalling ignorance of what well-managed banks are really there for.
There's an old saying that giving capital to a banker is like giving a gallon of beer to a drunk. You know what will happen to it, but you can't predict which wall he will choose. That's why banks need regulation - but sensible regulation, not knee-jerk responses from politicians desperate for votes.
I'm an optimist. But I'm an optimist who takes my raincoat - Harold Wilson
Guest 745- Registered: 27 Mar 2012
- Posts: 3,370
Lets face it the bank should have rolled over.
The government should have step in to help deposits under £50 k only, to help maintain stability
Banks are private business you choose to invest in them and there products ,
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,888
rolled over?
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Guest 745- Registered: 27 Mar 2012
- Posts: 3,370
Go bust ,,liquidate ,stopped trading ,not get taxpayers cash .
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,888
Not all banks get taxpayers dosh as the way you imply
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Guest 716- Registered: 9 Jun 2011
- Posts: 4,010
# 3751......agree.....especially.....
``We should also look at banking practices in much of Europe where ownership (and therefore governance) are bottom-up not top-down. This produces much more conservative risk appetites. - ``
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,888
A lot of the knocking of the banks willy nilly as is suggested has been justified as its OUR DOSH that was used to keep some of them afloat.
that's not to say that some banks operate better than others
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Guest 698- Registered: 28 May 2010
- Posts: 8,664
And what happened to that dosh Keith? Did it disappear into thin air, never to be seen again?
I'm an optimist. But I'm an optimist who takes my raincoat - Harold Wilson
Guest 745- Registered: 27 Mar 2012
- Posts: 3,370
Most of it went into government bonds safe return , instead of going into business.
, probably why the governments is starting infrastructure projects, and hone lone guaranty schemes
Brian Dixon- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940