An Englishman of forty years residence in Wales pontificates about politics (slightly off-message), films and trivia. Secretary of Aberavon and Neath Liberal Democrats. Candidate for Neath in the Westminster elections of 1997 & 2017 and the Welsh general election of 2016.
Sunday, 3 April 2011
Capital requirements for banks
Imposing very stringent capital requirements on banks is not only shutting the stable door after the horse has bolted, but also padlocking it so that we can't get the nag back in.