Thursday, 8 September 2011

(We don't need no) regulation

A banker argues the case against further regulation:

"Don't you guys get it? Even if you're right and complaints against banks have hit a high, and even if we are giving Triple A ratings to sub-prime mortgage investments once again, and even if we do find ourselves being investigated for Libor manipulation, and even if we are the only guys creaming it while everyone else is trying to make ends meet... regulation just isn't the answer. Regulation simply hurts the economy. Which none of us wants. Right?

So go easy on yourself. And us."

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