Dispatches:How the banks won

[Halb]

Anyone see this?
http://www.channel4.com/programmes/dispatches/epis...

Some interesting facts in there I did not know aboot. Some of the commentators on the show think we could end up in another crash in ten years since the banks seem to be acting as they always have.

[grumbledoak]

I only half watched it. It was such a hatchet job on the banks I half expected writing credits to a Mr. G. Brown.

[Randy Winkman]

Halb said:

Anyone see this?
http://www.channel4.com/programmes/dispatches/epis...

Some interesting facts in there I did not know aboot. Some of the commentators on the show think we could end up in another crash in ten years since the banks seem to be acting as they always have.

Surely the fact that they messed up when they didn't know the Govt would bail them out means they are even more likely to mess up again.

[RJDM3]

The government need to put the legislation in place to stop them being silly with our money. But sadly neither the banks or the government have learnt a single thing

[fido]

Halb said:

..facts..

I couldn't actually find any facts, just the usual Will Hutton socialist conspiracy story. Okay, i'm a bit biased as i work in the industry, but i was watching the programme with a non-City friend and couldn't explain to him a single fact from that programme that wasn't obviously twisted to suit.

For example .. HuttonSpeak 1. 'Banks Gambling with Our Money' = Fund Management, 2. 'Splitting Up Investment Banking from Retail Banking' - most banks in the UK have stopped proprietary-trading 3. 'Only Contribute X% to the Economy' versus Y% from The Whole Of Manufacturing - that's like saying Car Manufacturing only contributes a piddly amount compared to the Whole of the Services Industry.

Edited by fido on Wednesday 16th June 23:41