How many banks are driving blind?

Building on yesterday’s chat about London versus Europe, there’s more to this than initially meets the eye, as it’s also Europe versus Banks.

That’s the real thing here, and it’s a political agenda rather than a market based one.

The politicians are all conscious of their short tenure in their parliamentary seats and want to reach out to their voters by showing a strong political stance against the banking system.

Knowing that their supporters are driven by the media to believe that all bankers are greedy, arrogant pigs, they do not care too much if they flagellate the industry publicly.

This certainly seems to be the position the Eurocrats take, and it’s why the UK has the problem but, as mentioned, so do the banks.

Read more at Financial Services Club Blog

How many banks are driving blind?

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One thought on “How many banks are driving blind?

  1. How does our economy that is current has an effect
    on the way debt collection agencies perform? As people’ debt increases in a tough market, US debt-collection companies are
    experiencing an increased quantity of given balances. Does this
    mean a high rate of return is to their own customers?
    No, maybe not always. It may seem like the business is thriving
    mainly because of the high increase in bad-debt. But…this kind of economy additionally creates a harder environment for bad-debt
    recovery.

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