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Added by
apesphere on 08 Apr 2009
From: business.timesonline.co.uk
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| Image courtesy David Davies via Flickr |
The UK's shadow Chancellor has said he aims to break up nationalised banks that are too big to fail and may block others from becoming so big.
It does seem like an obvious answer to banking executives and their politician apologists who argue that the government should not let markets take their course in weeding out for the scrap heap banks that have been taking on too much risk.
Andrew Newton is the author of The Handbook of Compliance: Making Ethics Work in Financial Services
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