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[Junkenstein]

How would these various entities be functionally different from a bank? I mean, there's extra bureaucracy and shit that can go wrong, multiple additional areas of security weakness etc, etc.

A currency system without some kind of controlled banking structure really doesn't seem viable to me.

[P3nT4gR4m]

How would these various entities be functionally different from a bank? I mean, there's extra bureaucracy and shit that can go wrong, multiple additional areas of security weakness etc, etc.

A currency system without some kind of controlled banking structure really doesn't seem viable to me.

Our current system: QED

[Junkenstein]

Indeed, but replacing it with something worse just strikes me as a bad idea. Proposing a system that can be exploited in the exact same ways will surely just lead to someone, well, exploiting it in the exact same ways.

I would.

[P3nT4gR4m]

Troof!

[Cain]

Easy solution:

All banks can have help from the central government, on the condition that their commercial and investment arms are split up, and the bank itself is broken into smaller regional and commercial operations to prevent it posing a systemic risk to the economy again, and legislation is passed to prevent super-mergers.

Half the problem is bank size. 

[P3nT4gR4m]

Easy solution:

All banks can have help from the central government, on the condition that their commercial and investment arms are split up, and the bank itself is broken into smaller regional and commercial operations to prevent it posing a systemic risk to the economy again, and legislation is passed to prevent super-mergers.

Half the problem is bank size. 

Didn't the banks already veto/find a workaround hack for this very legislation?

[Cain]

Probably, yes.

[LMNO]

Easy solution:

All banks can have help from the central government, on the condition that their commercial and investment arms are split up, and the bank itself is broken into smaller regional and commercial operations to prevent it posing a systemic risk to the economy again, and legislation is passed to prevent super-mergers.

Half the problem is bank size. 

Didn't the banks already veto/find a workaround hack for this very legislation?

The "workaround/hack" was basically lobbying to have the laws changed.

So you get the next layer of complexity, in that the rules now have to be strictly monitored by legislators, so now you need honest politicians.

[P3nT4gR4m]

Easy solution:

All banks can have help from the central government, on the condition that their commercial and investment arms are split up, and the bank itself is broken into smaller regional and commercial operations to prevent it posing a systemic risk to the economy again, and legislation is passed to prevent super-mergers.

Half the problem is bank size. 

Didn't the banks already veto/find a workaround hack for this very legislation?

The "workaround/hack" was basically lobbying to have the laws changed.

So you get the next layer of complexity, in that the rules now have to be strictly monitored by legislators, so now you need honest politicians.

That's what I meant by "veto", they paid the government to go fuck themselves. Lobbying looks, on the surface, like they aren't  paying the government to change the law but that subterfuge is the whole purpose of lobbying. The sales wing of government legislation services Ltd.

[Telarus]

I remember the UK spags talking about previous investigations... is this related:
http://www.foxnews.com/world/2014/03/04/aide-to-uk-david-cameron-arrested-by-police-investigating-possible-child-porn/

[Cain]

No, but it should be.

As far as I can tell, Cameron's aide was discovered downloading child porn on his work computer.  His job?  Overseeing the implementation of a filtering system to block child porn online.  Cameron and the Downing Street team did the right thing, turned him in and handed over the computer for evidence.

[Pergamos]

No, but it should be.

As far as I can tell, Cameron's aide was discovered downloading child porn on his work computer.  His job?  Overseeing the implementation of a filtering system to block child porn online.  Cameron and the Downing Street team did the right thing, turned him in and handed over the computer for evidence.

I imagine he has  a pretty good arguement for it being a test of the filtering system

[Cain]

Doesn't matter.  Under UK law, possession of child porn is always a criminal offence, regardless of intent.

Which makes for an amusing argument re: the GCHQ Yahoo Cams dragnet.  The chances are someone underage was on Yahoo Cams, and that someone on GCHQ was watching the show.  Of course, that's different, because apparently, Hunting Mostly Imaginary Terrorists really is a get out of jail free card.

[Junkenstein]

http://www.bbc.co.uk/news/uk-england-berkshire-26453576

The word consistently missing from this article, in any fashion, is "Terrorism".

Legoland is to close temporarily in light of safety and security concerns.

The theme park in Windsor, Berkshire, will shut this weekend following the cancellation of a private fun day organised by the Muslim Research and Development Foundation.

The resort received threats from far right organisations and the event, due to be held on Sunday, was cancelled following discussions with police.

Legoland said the safety of its guests and staff was its "priority".

Thames Valley Police says it is investigating offensive messages sent in connection with the event.

Legoland was forced to shut down its Facebook page due to a number of abusive posts. It also received threats through phone calls and emails.

Seriously. This has got to be one of the most blatant "Terrorists aren't white" examples I've seen from the BBC for a while. Given the nature of UK laws and the fact that most of this appears documented on Facebook and such, you would think quite a few arrests and jailings will be made. I'm not holding my breath.

[Reginald Ret]

Easy solution:

All banks can have help from the central government, on the condition that their commercial and investment arms are split up, and the bank itself is broken into smaller regional and commercial operations to prevent it posing a systemic risk to the economy again, and legislation is passed to prevent super-mergers.

Half the problem is bank size.

That would fix most of it.
It is hard to think of arguments stronger than the ones the banks use, i.e. 'here is a lot of money, leave us alone'