Tuesday, February 23, 2010

FT.com / UK - Tories pledge rapid reform on regulation

FT.com / UK - Tories pledge rapid reform on regulation: "'Think about the enormous disruption this would create at a time of great uncertainty for the financial services sector and the economy generally. To say that this would be ill-timed is a massive understatement,' Andrew Love, a Labour member of the Treasury select committee, told a Westminster event.
Vince Cable, Liberal Democrat Treasury spokesman, said the reforms would involve 'major costs . . . and massive uncertainty . . . at a crucial time'."

Dear Tories, please stop and think, listen to those who have been regulated rather than those who have been regulating as well as those who have created every manifestation of failed regulators to date.

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