Darling says banking regulations need work
LONDON (Reuters) - The problems facing embattled bank Northern Rock show that international banking regulations need improvement, Chancellor Alistair Darling said on Sunday.
Darling, speaking on Sky TV, said he had discussed the issue with other finance ministers last week and that discussions should continue later this year in order to bolster regulations and make them more open and clear.
“In relation to international regulation, we need more openness and more transparency in the system,” he said. “I think there does need to be improvement in the regulation. It needs to be done at an international level.”
[source~http://uk.reuters.com/article/businessNews/]
Why yes Darling, how about exposing it for the fucking money printing fraud it really is and stop robbing the poor.
