Rational Reserve Banking?? In YOUR UK??

[Disco Pickle]

http://www.youtube.com/watch?v=HMGr-OuXihg

It's long, like 10 minutes, but the idea sounds like the sort of thing that, had it been in place, would have kept the bubbles from being created in the first place.

It'll be interesting to see how this plays out, who the opposition to it will be and what they use as arguments.

I'd love to see something like this come up over here.  Alas, too many idiots.

[Doktor Howl]

Can't see the youtube link at work, but I'm guessing it involves people with lousy haircuts explaining yet another brilliant theory.

ANY system can be gamed, if the regulators don't care.

[Cain]

Given the current state of the UK government, I can see the proposal going something like this:

Vince Cable, Business Minister: So, this looks like a sensible idea to limit the problem of financial bubbles, ladies and gentlemen.  As you know, I've warned about the unstable nature of the UK financial system for a long time and think implementing this could really save us grief in the future.  Getting it past the Thatcherites in your own party and in Labour will be difficult, but I think we have sufficient public support to push it through, if we really tried.

George Osborne, Chancellor: oh do fuck off Vince, you're boring the hell out of me *returns to snorting coke off the tits of specially imported Ukrainian escorts, along with the new head of Barclay's Bank*.

[Cain]

In fact, pretty much every economic proposal for the next five years is going to go that way, with the guy who warned about Northern Rock (Cable) being ignored, and some chinless wonder from Cambridge who likely can't get it up unless a dominatrix is whipping him and has no actual financial experience worth noting on his CV (Osborne), will continue to run the economy into the ground.

[Disco Pickle]

A lot of currently rich people could stand to loose a lot of money making ability I think were this to get through.  Whoever was harping for it the loudest would probably end up on Harrow Down Hill.

I see it as being a next step from separating investment banking from normal every day banking like they're trying to implement here, which will probably also fail.

Dok, you're depressing.  Aren't Doks supposed to make people feel better?

I seem to recall Alice Cooper having something to say about that.  You must not be THAT kind of Dok.  But you're right, of course..  If there's no mechanism in place to see that the banks follow the rules, or the regulation just isn't enforced, there's nothing stopping them from doing it anyway.

[Doktor Howl]

A lot of currently rich people could stand to loose a lot of money making ability I think were this to get through.  Whoever was harping for it the loudest would probably end up on Harrow Down Hill.

I see it as being a next step from separating investment banking from normal every day banking like they're trying to implement here, which will probably also fail.

The new system will have loopholes, too.  Probably more, because it will have been designed with that in mind.

Dok, you're depressing.  Aren't Doks supposed to make people feel better?

No.  We're supposed to try to tell the Truth as best we can.

I seem to recall Alice Cooper having something to say about that.  You must not be THAT kind of Dok.  But you're right, of course..  If there's no mechanism in place to see that the banks follow the rules, or the regulation just isn't enforced, there's nothing stopping them from doing it anyway.

Well, we can always run a few up some lightpoles as an example.

[Disco Pickle]

A lot of currently rich people could stand to loose a lot of money making ability I think were this to get through.  Whoever was harping for it the loudest would probably end up on Harrow Down Hill.

I see it as being a next step from separating investment banking from normal every day banking like they're trying to implement here, which will probably also fail.

The new system will have loopholes, too.  Probably more, because it will have been designed with that in mind.

Dok, you're depressing.  Aren't Doks supposed to make people feel better?

No.  We're supposed to try to tell the Truth as best we can.

I seem to recall Alice Cooper having something to say about that.  You must not be THAT kind of Dok.  But you're right, of course..  If there's no mechanism in place to see that the banks follow the rules, or the regulation just isn't enforced, there's nothing stopping them from doing it anyway.

Well, we can always run a few up some lightpoles as an example.

I get firsties

[Doktor Howl]

A lot of currently rich people could stand to loose a lot of money making ability I think were this to get through.  Whoever was harping for it the loudest would probably end up on Harrow Down Hill.

I see it as being a next step from separating investment banking from normal every day banking like they're trying to implement here, which will probably also fail.

The new system will have loopholes, too.  Probably more, because it will have been designed with that in mind.

Dok, you're depressing.  Aren't Doks supposed to make people feel better?

No.  We're supposed to try to tell the Truth as best we can.

I seem to recall Alice Cooper having something to say about that.  You must not be THAT kind of Dok.  But you're right, of course..  If there's no mechanism in place to see that the banks follow the rules, or the regulation just isn't enforced, there's nothing stopping them from doing it anyway.

Well, we can always run a few up some lightpoles as an example.

I get firsties

Okay, but I was going to start with bankers.

[Disco Pickle]

A lot of currently rich people could stand to loose a lot of money making ability I think were this to get through.  Whoever was harping for it the loudest would probably end up on Harrow Down Hill.

I see it as being a next step from separating investment banking from normal every day banking like they're trying to implement here, which will probably also fail.

The new system will have loopholes, too.  Probably more, because it will have been designed with that in mind.

Dok, you're depressing.  Aren't Doks supposed to make people feel better?

No.  We're supposed to try to tell the Truth as best we can.

I seem to recall Alice Cooper having something to say about that.  You must not be THAT kind of Dok.  But you're right, of course..  If there's no mechanism in place to see that the banks follow the rules, or the regulation just isn't enforced, there's nothing stopping them from doing it anyway.

Well, we can always run a few up some lightpoles as an example.

I get firsties

Okay, but I was going to start with bankers.

[Adios]

Rational (IN FUCKING HUMANS??) Reserve (IN FUCKING HUMANS??)

Sorry, I can't seem to get on that cloud.

[Disco Pickle]

Rational (IN FUCKING HUMANS??) Reserve (IN FUCKING HUMANS??)

Sorry, I can't seem to get on that cloud.

All we're getting right now is Factional Deserved Tanking out of Fractional Reserve Banking.

I'm willing to try pretty much anything else at this point, including just burning the fuckers down.

[Doktor Howl]

Rational (IN FUCKING HUMANS??) Reserve (IN FUCKING HUMANS??)

Sorry, I can't seem to get on that cloud.

All we're getting right now is Factional Deserved Tanking out of Fractional Reserve Banking.

I'm willing to try pretty much anything else at this point, including just burning the fuckers down.

It can always get worse.

Think about who is behind this new system, and ask yourself which is more likely:  Someone finally went sane, or they're about to bend us all over, big-time, because they designed the loopholes that we don't even know how to look for.

[Disco Pickle]

Rational (IN FUCKING HUMANS??) Reserve (IN FUCKING HUMANS??)

Sorry, I can't seem to get on that cloud.

All we're getting right now is Factional Deserved Tanking out of Fractional Reserve Banking.

I'm willing to try pretty much anything else at this point, including just burning the fuckers down.

It can always get worse.

Think about who is behind this new system, and ask yourself which is more likely:  Someone finally went sane, or they're about to bend us all over, big-time, because they designed the loopholes that we don't even know how to look for.

From what I've already read of the idea, it doesn't sound like something any bank or bank shareholder in his right mind would ever propose.

But the question of "Who Benefits?" must of course be asked.  I'm not sure yet.  This was proposed in the House of Commons just yesterday, even though I know the idea has been put forth by several schools of economics for quite some time.

[Cain]

Well any reduction in the power of banks is going to be to the benefit of Parliament (those who haven't forgotten they aren't actually bankers, currently a minority) and presumably their competition such as building societies and mutual funds, of which there are still a few in the UK.

[BabylonHoruv]

Rational (IN FUCKING HUMANS??) Reserve (IN FUCKING HUMANS??)

Sorry, I can't seem to get on that cloud.

All we're getting right now is Factional Deserved Tanking out of Fractional Reserve Banking.

I'm willing to try pretty much anything else at this point, including just burning the fuckers down.

It can always get worse.

Think about who is behind this new system, and ask yourself which is more likely:  Someone finally went sane, or they're about to bend us all over, big-time, because they designed the loopholes that we don't even know how to look for.

From what I've already read of the idea, it doesn't sound like something any bank or bank shareholder in his right mind would ever propose.

But the question of "Who Benefits?" must of course be asked.  I'm not sure yet.  This was proposed in the House of Commons just yesterday, even though I know the idea has been put forth by several schools of economics for quite some time.

Bolded bit is a big danger sign in my opinion.  It means there is quite likely a hidden giant dildo of some sort.