My money's on the bankers, but the wankers also want their say:
Financial regulators may in the future ban financial products if they are too risky or too complex, Lord Turner, chairman of the Financial Services Authority, said today.
Indicating that the City regulator is embarking on a dramatic change in the "philosophy" of its approach to overseeing firms, Turner said his review into regulation due next month would lead to a "banking revolution".
He said banks would be expected to put "several times" more capital aside for the risky positions held in their trading books – one of the lessons learned from the current financial crisis.
Um ... what?
So, various bits of our joined-up government want the banks to a) be more cautious, b) still lend more money out (i.e., be less cautious), c) buy government debt, d) make a profit so that they can repay the government all the money they've put in and e) pay people less for this thankless work?
I can't see any problem with that, can you?