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Cameron must not go soft on the banks

In Article Library by Ian Fraser0 Comments

By Ian Fraser Published: Sunday Herald Date: 3 September 2011 As leader of the opposition, David Cameron gave the impression he intended to be tough on the banks. In an interview with Sky News in January 2009, he called for criminal actions against bankers and earlier said we needed “a …

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Puncturing the myths of free market capitalism

In Blog by Ian Fraser0 Comments

15 June 2011 In this interview Ha-Joon Chang, author of 23 Things They Don’t Tell You About Capitalism, debunks many of the myths of “free market capitalism”. These include the existence of “free markets” (all markets are regulated in some shape or form) and the necessity of “free trade” for …

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It’s the Hayek vs. Keynes Rap (Round Two)

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25 May 2011 I love these Econstories rap fights between John Maynard Keynes and Friedrich August Hayek. If you listen carefully the words are extremely well done, with the scripts clearly crafted by someone who understands economics but wants to try and make the Hayek/Keynes ideological divide accessible to a …

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Andy Haldane: how to break banking’s ‘doom loop’

In Blog by Ian Fraser2 Comments

21 February 2011 The Bank of England’s Andy Haldane gave a fresh perspective on the causes of the global financial crisis and ran through the UK central bank’s favoured cures at a recent lecture he gave to Irish thinktank the Institute of International and European Affairs. Haldane, the BoE’s executive …

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New Model Banker has work cut out at Lloyds

In Blog by Ian Fraser0 Comments

9 February 2011 Dominic Morris, who took over as public affairs director at Lloyds Banking Group in December 2009, seems remarkably well connected. A former private secretary to both Margaret Thatcher and John Major, Morris sent out an email to all his contacts to let them know of his new banking …

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Farmers shocked by inadequacy of SRA’s Burges Salmon “inquiry”

In Blog by Ian Fraser3 Comments

23 September 2010 Talk about foot-dragging. The Solicitors Regulation Authority has been investigating the Bristol-based law firm Burges Salmon LLP and its partner Peter Williams for more than three years over the alleged mis-selling of unregulated commercial loans to cash-strapped farmers. The loans, often priced at usurious annual interest rates …

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Dodd-Frank Act won’t prevent future crises

In Article Library by Ian Fraser

By Ian Fraser Published: Qfinance Date: 16 July 2010 American banks and financial institutions can hardly have expected to have faced no regulatory or enforced structural or behavioral changes given their lead role in causing the worst financial crash since the 1930s. However there are some who believe that the …

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Myners talks sense about bank reform

In Blog by Ian Fraser0 Comments

1 August 2009 There were some revealing, and indeed disturbing, snippets and insights in today’s excellent “Leading Questions” interview with the City minister, Lord Myners. Following a successful career at Wedd Durlacher, the Daily Telegraph, NM Rothschild and Gartmore, Paul Myners was asked to become a government minister by Gordon …