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Latest update: 31/03/2009
- Andorra - banking - Banking secrecy - Belgium - G20 - Liechtenstein - Luxembourg - Switzerland
'They hope to weather the storm by keeping a low profile'
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Comments (3)
Its all smoke & mirrors - no real change
Even a cursory examination of the new agreement between the British government & tax-haven banks in the Channel Islands reveals the new rules only refer to tax evasion (which is illegal) NOT tax avoidance (which is OK). Its all smoke & mirrors - there is no real attempt to curb the activities of off-shore banks. Not until we see bankers & their political lackies on trial & in jail will any real change occur
Bank regulations
1. Glass-Steagall Act should be put back in place.
2. Credit Card interest should be regulated and not usurious.
3. To have housing, people should be educated that not more than 1/4 of your income should be relegated towards it. Remember Sylvia Porter's money book?
4. From my point of view, derivatives are loaning out all the interest that has not yet been paid. You cannot make money on nothing! Make these illegal.
Bank regulations
1. Glass-Steagall Act should be put back in place.
2. Credit Card interest should be regulated and not usurious.
3. To have housing, people should be educated that not more than 1/4 of your income should be relegated towards it. Remember Sylvia Porter's money book?
4. From my point of view, derivatives are loaning out all the interest that has not yet been paid. You cannot make money on nothing! Make these illegal.