OMG (if you'll excuse the textspeak) The government is talking about separating the investment banking from the high street retail bank bits. Where do these idiots come from. Businesses decide their own terms of reference, it just is not possible to legislate exactly what types of business a company does.
The government wants banks to increase their tier one ratios (the capital they keep as reserve) and want them to increase the amount they lend. These aims directly contradict - come on, get real. Are the banks supposed to be conservative in their dealings to keep themselves solvent or are they supposed to promote growth by lending in a rather reckless manner.
MPs can't have it both ways.
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