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EU plans to limit bankers' bonuses
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roy munster View Drop Down
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Points: 17056 		Post Options Post Options   Thanks (0) Thanks(0)   Quote roy munster Quote  Post ReplyReply Direct Link To This Post Posted: 06 March 2013 at 6:20am
why cant all the leaders of all the biggest economies sit down and hammer out an agreement for blanket tighter rules across all of world banking. so at least some kind of order can be found, with better regulation , checks and balances. surely these leaders can produce at least some common ground and better universal  regulations. without losing ones own competitive advantages
ROYMOND MUNTER MBE (FOR SERVICES TO THE COMBOVER)
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dr_martinov View Drop Down
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Points: 13608 		Post Options Post Options   Thanks (0) Thanks(0)   Quote dr_martinov Quote  Post ReplyReply Direct Link To This Post Posted: 06 March 2013 at 7:46am
Originally posted by roy munster roy munster wrote:

why cant all the leaders of all the biggest economies sit down and hammer out an agreement for blanket tighter rules across all of world banking. so at least some kind of order can be found, with better regulation , checks and balances. surely these leaders can produce at least some common ground and better universal  regulations. without losing ones own competitive advantages

Er... you mean like this meeting was aiming to do, which our own government so objected to?

In meetings there will always be one party which feels victimized because they lose out more and there will also always be important people excluded. Not to mention the not insignificant challenge of getting world superpowers to agree with each other - at least in Europe there is some sort of common mentality (or at least a German-French alliance and the other countries are too small. And us, naturally).

And finally, I don't think the USA really wants to bring up the issue of regulating world banking right at this moment in time; they are so heavily in debt to China they may well have to sell them Alaska at this rate.
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roy munster View Drop Down
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Points: 17056 		Post Options Post Options   Thanks (0) Thanks(0)   Quote roy munster Quote  Post ReplyReply Direct Link To This Post Posted: 06 March 2013 at 10:01pm
Originally posted by dr_martinov dr_martinov wrote:

Originally posted by roy munster roy munster wrote:

why cant all the leaders of all the biggest economies sit down and hammer out an agreement for blanket tighter rules across all of world banking. so at least some kind of order can be found, with better regulation , checks and balances. surely these leaders can produce at least some common ground and better universal  regulations. without losing ones own competitive advantages

Er... you mean like this meeting was aiming to do, which our own government so objected to?

In meetings there will always be one party which feels victimized because they lose out more and there will also always be important people excluded. Not to mention the not insignificant challenge of getting world superpowers to agree with each other - at least in Europe there is some sort of common mentality (or at least a German-French alliance and the other countries are too small. And us, naturally).

And finally, I don't think the USA really wants to bring up the issue of regulating world banking right at this moment in time; they are so heavily in debt to China they may well have to sell them Alaska at this rate.
it would make more sense to get the most powerful nations outside europe to sign up too....otherwise the uk parliamament will always use the excuse we cant sign up as the bankers will take the jobs out of europe....if the rules are worldwide theyd have nowhere else to run to...(unless we sent them on a one way ticket to outer-spaceWink)
ROYMOND MUNTER MBE (FOR SERVICES TO THE COMBOVER)
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aber-fan View Drop Down
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Points: 20259 		Post Options Post Options   Thanks (0) Thanks(0)   Quote aber-fan Quote  Post ReplyReply Direct Link To This Post Posted: 07 March 2013 at 9:14am
Originally posted by PearlJam PearlJam wrote:

Originally posted by aber-fan aber-fan wrote:

 

Does it, fu**?


There are taxes like NI and income tax that you can't avoid. You're thinking of corporate tax avoidance which is a global issue. Moving these guys off shore won't help anyone; especially not in terms of regulating them and taxing them. Off shore means they keep everything and you get a wild west.

In terms of who loses when people profit, in good times, no-one is supposed to lose. The money supply increases and GDP outstrips inflation (amongst other things) so as more goods (stuff) are created, more wealth is generated and more is consumed. Taxes filter down and everyone gets richer.

The thing here is that "stuff" is made from resources which increase in value when "made". I.e. wood into deck-chairs, gold into rings, leather into coats and shit like that. But that only goes so far until things fall apart.



I can't see how the country will lose out if these crooks and asset strippers buggered off somewhere else. Neither can the Swiss, apparently  - and they actually like their bankers!
“You cannot reason a man out of what he never reasoned himself into.” (Jonathan Swift)
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