Justin Welby calls for introduction of regional banks
Ben Quinn -The Guardian, Monday 22 April 2013 18.51 EDT
"The Anglican leader said the simplest solution to recreate a local banking system was "recapitalising at least one of our major banks and breaking it up into regional banks".
He cautioned against allowing the banking system to become too concentrated in the mistaken belief that it was safer. "As a bank, you can be big and simple or small and complicated, and do well. If you get big and complicated, you become unmanageable," he said.
http://www.guardian.co.uk/uk/2013/apr/22/justin-welby-labour-regional-banks
"Too big to fail."
Wait a sec. The head (after the Queen) of the Church of England is also on the parliamentary banking commission? Isn’t there some rule about serving God and Mammon?
Countries that spit in the face of God shouldn’t expect anything positive.
Let's hope for something a little less drastic this time.
This Archbishop has made more sense in two or three sentences than I ever read out of that old Druid Rowan Whats-his-name.
The Archbishop of Canterbury obviously cannot run the Anglican Church but he thinks he is a banking expert?
I agree with his assessment and solution. The USA banking was best when it was local!!!!