Comments on: Britain To Break Up Biggest Banks

By: james

james — Mon, 09 Nov 2009 19:12:44 +0000

that is the one nice thing about politicians.

By: Ken

Ken — Tue, 03 Nov 2009 16:06:37 +0000

I’m all for breaking up too-big-to-fail banks–but not for breaking up too-small-to-need-segmenting blog posts. Why did I have to click through to read the final four sentences of this brief posting?

By: Bayard

Bayard — Tue, 03 Nov 2009 04:20:52 +0000

I can’t imagine that this news will impact our coopted Congress. There is no chance, unless somehow Tim Geithner and Ben Bernanke find their testacles. Sorry, but it ain’t happenin’ here.

My jaw would drop off my face if that happened.

By: Ted K

Ted K — Mon, 02 Nov 2009 23:56:26 +0000

Does WSJ still have a bureau in London??? I thought that section of the paper had been reassigned to taking dictation for Rush Limbaugh???

By: Hoi Polloi

Hoi Polloi — Mon, 02 Nov 2009 22:11:45 +0000

Yep, that’s what I already said some days ago that this would happen after the ING in Holland. Hopefully all them traders and investment banksters will flee to Wall Cheat and ruin the lot there, good riddance.

By: redleg

redleg — Mon, 02 Nov 2009 18:16:38 +0000

Don’t underestimate how fast US politicians will toss any special interest under the bus if it might mean losing an election…

By: chas

chas — Mon, 02 Nov 2009 17:11:50 +0000

Why get rid of a stupid little tax cheat?

By: ronbon

ronbon — Mon, 02 Nov 2009 17:04:14 +0000

Does that mean that the U.S. finally gets rid of Geithner???

Far OVERDUE!!!

By: Russ

Russ — Mon, 02 Nov 2009 16:55:11 +0000

Once again America will be the rogue nation.

(And so much for the lie that breaking up TBTF would incur some mythical competitive disadvantage. OTC, TBTF is American corporatism’s attempt to prop up its own unfair advantage.)

By: George

George — Mon, 02 Nov 2009 16:25:13 +0000

I suppose I should be happy abotu what’s happening in the UK (without the bank breakup, its only partly relevant what THIS bailout will cost us).

Nevertheless, as a taxpayer first and public sector worker second, its hard to feel enthusiastic as another £40 billion of our money is given to the corporation that posted the largest loss in history last year
http://www.google.com/hostednews/afp/article/ALeqM5i-PH_7hxSCxeKot5h2n5kOC9amuw

And who’s multi-millionaire boss refused to hand back even a few million of his pension, which he would have forfeited if RBS had been allowed to go bankrupt.

Still, SOME action, AND Simon wrote about the UK at last… who’da thought it??

A “good” day….

By: cordon sanitaire

cordon sanitaire — Mon, 02 Nov 2009 13:35:38 +0000

It was clear from the outset that pressure for US reform had to come from the outside world because our corrupt bipartsan collusion is too far gone. It’s possible that nothing will happen here without coordinated multilateral sanctions or prudential regulations that discourage transactions with US banks.

By: Roy Bland

Roy Bland — Mon, 02 Nov 2009 12:23:40 +0000

once broken up, are any of the UK retail banks going to be small enough to fail?

I don’t see how asking them to sell their insurance arms, and so forth, changes anything fundamental.

Were Lloyds and TSB small enough to fail, before they became LloydsTSB? Halifax and Bank of Scotland? Northern Rock wasn’t really so big, and it had to be rescued.

By: Ted K

Ted K — Mon, 02 Nov 2009 11:54:29 +0000

You mean Nemo and I will have to eat our hats??? Oh my. Don’t take this the wrong way, because it’s a positive feature of your character Professor Johnson, but you still don’t understand America yet. The break-up of Citigroup will never happen.