.. because it would force them to raise and retain more capital (which is expensive), ..
"The big banks will claim that putting their retail banks into subsidiaries would impose significant extra costs on them - because it would force them to raise and retain more capital (which is expensive), and it would increase what they pay to borrow. Their fear is that these incremental costs would put them at a disadvantage compared with their international competitors."
"Perhaps more importantly, the Commission is convinced that the social benefits of the reform - in respect of reducing the likelihood of destabilizing financial shocks that increase unemployment and cut growth - would significantly outweigh the costs."
cut growth? .. do they actually hint .. on real growth .. growth that matters .. not paper-growth .. that banks and financials .. create by the tonne .. only to siphon it .. directly .. via bonuses .. into their pockets
"The Commission has also taken steps to reassure the government that it doesn't have a great deal to fear from getting tough with the banks and implementing the change: on its analysis, even if big banks such as HSBC or Barclay's were to move their respective head offices abroad in protest at the reforms, the loss of tax revenue and the damage to the success of the City of London would be limited."
.. the loss of tax revenue? .. would be limited? .. what does that mean? .. that they hardly pay anything .. to really matter
.. to reassure the government .. their ignorance apparent .. no better .. than the general public .. act and react ..under panic ..
.. a great deal to fear .. could it be .. any more vague .. revealing what they actually are .. a bunch of scardy cats ..
"The interim report says: "The Commission's view is that the reforms of the kind contemplated...would support the competitiveness of the economy and would be likely to have a broadly neutral effect on financial services."
.. broadly neutral effect on financial services .. banks ..coming out ..unscathed .. nothing loosing .. nothing lost ..
"Perhaps because of that, some will claim that the Commission has been too timid - in that it has rejected more radical alternatives, such as breaking up the banks, imposing formal limits on their size, prohibiting them from using depositors' cash to make loans, or massively narrowing the range of their permitted activities."
.. has been too timid? ..
.. prohibiting them from using depositors' cash to make loans, ..
.. or massively narrowing the range of their permitted activities.
.. reading between the lines .. gambling it profusely .. betting it .. playing craps with it ..
"The thinking behind the ring-fencing recommendation is that if the wholesale or investment banking arm of a universal bank were to go bad, the retail operation - which looks after our savings, lends to business and moves money around - would not be tainted."
not be tainted?.. how magnanimous .. they are .. to allow .. a modicum a activity .. that actually benefits people .. their concerns are heart-wrenching ..
though .. it is already tainted .. to the hilt .. banks .. determined for huge profits .. solely for the ingratiation .. of their CEOs .. why would they ever .. be interested .. to protect savings .. lend to business .. move money around .. actually interested .. about growth ..
what moves them .. what kicks them around .. the highest returns for their capital ..ever possible ..
"These banks' balance sheets are five times the size of the British economy."
and you do not get .. high returns .. by protecting savings .. lending to businesses .. moving people's money around ..
the very system itself .. prohibits them .. for doing so .. the capitalist system .. the premises .. upon which it is built-on ..proscribes and drives their actions ..
.. in an environment which they have fostered .. where the laws of the jungle .. take precedent .. competitiveness .. fierce .. with no bounds .. all in the service of a vile cum deranged worthy cause .. accumulating wealth .. to an ever narrower segment of societies ..
and in the process .. eliminating .. exterminating .. the very individuals .. by which societies are sustained
a mentality so profusely embedded .. in the way capitalist system .. is handling debts .. at all levels .. from sovereign countries debts .. to small claims from single individuals .. ruthless destruction of debtor .. bringing them to their knees .. unable to sustain and grow .. cutting all lifelines available ..
though repeatedly .. it has been revealed .. that nature itself .. doesn't behave as such .. that there is an economy .. that evades bankers thinking .. seeped deep into assumed predator-prey relationships .. though the predator .. would not kill .. all the prey .. at its sight .. in mind to conserve .. energy .. its limits finite, the constraints imposed by its very own structure .. a deterrent .. in killing every prey .. its eating capacity .. limited as well ..
the environment .. fostered by banks .. capitalism itself .. does away .. with these limitations, the constraints referred to in John H. Holland's .. emergence, from chaos to order .. nature provides itself .. all in the mind .. of creating a sustainable environment
banks financials .. have created an unsustainable environment .. for individuals to grow in ..
competition has its limits .. capitalism .. its premises .. upon which ..it has been built on .. is un-natural .. what banks ..financials ..owe their existence to ..
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