Chiswickite - formerly The Croydonian

The TUC is terming an event it is hosting today 'an alternative G20 conference', which is modest of them.  On the same basis, the drinks I had with friends last night must count as an alternative EU heads of government meeting, as one was French and the other Portuguese.  Anyway, Brendan Barber is going to say 'that regulation of the international finance system must lead to a new global economy that puts people and the planet first'.

I lack the energy to go bog snorkellling through all of its errors, but instead will offer up this nugget:

'All this activity now needs to be brought within the scope of mainstream regulation. The Financial Stability Board (FSB) represents an important first step but the TUC has grave reservations about its transparency and accountability - especially as some of the FSB's representatives were themselves recently leading players at the financial casino table'.


Or in other words, the TUC thinks it a really bad idea to have people who actually understand finance having anything to do with its regulation.  One can all too easily imagine what a TUC picked set of regulators would look like.....  

Labels: nonsense on stilts, Unions

This entry was posted on Friday, November 06, 2009 at 9:53 am. You can skip to the end and leave a response.