UK Banking facing Judicial enquiry

Nor for the vipers in the US Banking nests.

Problem is, as said earlier, the Banks are now too big to fail and the Tax Payer is open to take responsibility for deposits in Banks the do fail. That is where the Banks have the various Governments by the short and curlies, and the reason for no prosecutions.
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It's good to be back amongst friends and colleagues

You can't stop vulnerable entities like pension funds from investing in banks. If they get it right, they make a lot of money. If they get it wrong, like dozens of Councils throughout the UK did with the Icelandic banks, then the man in the street could suffer. How on earth do you legislate for that?

You can't stop vulnerable entities like pension funds from investing in banks. If they get it right, they make a lot of money. If they get it wrong, like dozens of Councils throughout the UK did with the Icelandic banks, then the man in the street could suffer. How on earth do you legislate for that?

Doesn't the man on the street suffer when these banks help finance wars against your national interest?

In theory you could make pension funds have some sort of legally binding charter, where the trustees of a pension fund are not allowed to invest, more than a certain percentage of the funds in any one sector or company. If you like it's enforcing the "don't put all your eggs in one basket principle". Most of them have an portfolio investment strategy that spreads their risks anyway, but it could be regulated to protect the consumer.

Is not clear whether the UK Councils invested pension or reserve Capital in Iceland but the total exposure was thought to be around £840M. Public bodies should have the same requirements to place public funds where they can be underwitten by the Government on an Interbanking central fund. If you wish to invest your own spare cash in South Sea Groundut schemes that is your choice, Pension and public funds need to be protected.