From Bill Moyers via Ian Fraser Blog
''In this interview with Bill Moyers, Sheila Bair, the former chairperson of the FDIC, describes the Libor rigging scandal as a wake up call for governments around the world.
She says that governments, including the US government, must now “stand up to the banks and tell them they need to start doing business differently, profoundly differently”. Bair also calls for full separation of “casino” activities, which she said must not be eligible for bailouts, and “utility” services such as deposit taking and retail banking.''
see the video
No comments:
Post a Comment