FT.com / UK - FSA chief fears turf war with Bank: "“I am significantly attracted to ideas by [US Treasury secretary Tim] Geithner’s proposals that we should think about not an absolute limit on size, that would be very difficult to achieve, but a sliding scale of capital requirements.”"
Dear Mr Turner, carbon copies of US "ideas" got us into this mess in the first place. If you can't come up with your own ideas this yet more proof supporting my theory that regulation is bust.
Yours faithfully
Evan
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