Lest we forget - in 2007 Cameron endorsed even less regulation of banks than Labour ......

Reblogged from Pride's Purge:

(This isn't satire - believe it or not)

As the widening banking scandal in Barclays is breaking, it's worth remembering that in 2007, Cameron endorsed LESS regulation of banks and specifically mortgage and pension provisions by financial institutions.

A report produced by the Conservative Party in 2007 - endorsed by Cameron - called 'Freeing Britain to Compete' recommended that a vast range of regulations on the financial services industry should either be abolished or watered down, including money-laundering restrictions affecting banks and building societies.

Read more… 489 more words

Excellent piece reminding us that a Tory government would have been no different to Labour in their approach to the banking industry. In fact they would probably have been even worse......

One Comment (+add yours?)

  1. Robert
    Jun 29, 2012 @ 22:20:56

    Of course he could say what he liked he was not the one holding the reins, sadly neither were the labour party

    Reply

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