Does anyone have a clue on bank regulation?

Gordon Brown (Britain’s former finance minister and prime minister) says in the New York Times that most of the problems which caused the crisis - excessive borrowing, shadow banking and reckless lending – have not yet been addressed. Plus, as he points out, “Too-big-to-fail banks have not shrunk; they’ve grown bigger.”

Marvellous, isn't it?

And in the Financial Times a few days ago there was an article entitled “Too big to fail banks still pose real dangers”.

So if you think some of the smaller organisations like Positive Money which have ideas about bank reform and which operate on a shoe string are in any way defective, then PM’s defects arguably pale by comparison to the incompetents who have been given truck loads of money to sort this stuff out and have failed: e.g. the Vickers Commission and Dodd Frank.