Allister Heath's editorial in today's City AM explains how they are sorting out the banks in Denmark.
I'm not cutting and pasting the highlights because it is worth reading in full, all 568 words.
Tuesday, 28 June 2011
Something is spot-on in the state of Denmark
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8 comments:
Good find, Mark, I've added him to my blogroll.
"He seems to mean what he says: earlier this month, he allowed a small Portsmouth-based bank to go bust. Southsea Mortgage and Investment went under, leaving 250 savers asking for their money back from the guarantee scheme."
If it had been any of the big boys, especially one of the multinationals, George would have been taken to one side and quietly reminded who really runs the country.
S, Allister is usually right about most things, but then he has a terrible Home-Owner-Ist blind spot which shows up a lot of it as pure posturing.
B, that was tokenism at best, wasn't it?
Of course when the Bank of England was in charge of bank regulation we didn't have any retail banks failing for over 100 years (apart from BCC and that of course was not the bit that they were in charge of but the US bit)
Not a good idea to change it Gordon.
I'm just waiting for some arse to argue that it may be OK for a small country like Denmark, but We Couldn't Possibly Do It.
Anon, possibly.
D, good point, me too.
dearieme: I'm just waiting for some arse to argue that it may be OK for a small country like Denmark, but We Couldn't Possibly Do It.
The phrases "non-EU European country" and "Swiss Confederation" spring to mind.
But Denmark is ten times smaller than the UK, you just cannot enlarge good ideas, just because.. erm .. they are good ideas/policies.
You have waited long enough DM, now finish your tea.
Best,
Mike W
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