Comments on: Are banks becoming government utilities like water, electricity or the Post Office? http://thebankwatch.com/2008/10/09/are-banks-becoming-government-utilities-like-water-electricity-or-the-post-office/ Tracking the evolution of financial institutions Mon, 13 Feb 2012 00:48:52 +0000 hourly 1 http://wordpress.com/ By: Colin http://thebankwatch.com/2008/10/09/are-banks-becoming-government-utilities-like-water-electricity-or-the-post-office/#comment-26211 Sat, 11 Oct 2008 10:58:45 +0000 http://thebankwatch.com/2008/10/09/are-banks-becoming-government-utilities-like-water-electricity-or-the-post-office/#comment-26211 @Dan – belated hat tip for prompting me on this one:-)

]]> By: Simon Deane-Johns http://thebankwatch.com/2008/10/09/are-banks-becoming-government-utilities-like-water-electricity-or-the-post-office/#comment-26206 Fri, 10 Oct 2008 11:24:33 +0000 http://thebankwatch.com/2008/10/09/are-banks-becoming-government-utilities-like-water-electricity-or-the-post-office/#comment-26206 UK retail banks used to be dull, boring, slow-moving, maddening, bureaucratic and good for little more than paying in your salary to pay bills and getting a mortgage if you could easily afford one. But safe.

From a consumer standpoint, nothing has really changed apart from the advertising, while successively brighter and greedier management teams became attracted by the honeytrap of actively trading in the wholesale markets. Abbey got slaughtered there some time back, and now it’s the others’ turn.

Time for the whizz kids to move out of retail banks into hedge funds where they belong, and for retail banks to become completely transparent about what they’re doing with people’s every day money.

]]> By: Chris Hamilton http://thebankwatch.com/2008/10/09/are-banks-becoming-government-utilities-like-water-electricity-or-the-post-office/#comment-26202 Fri, 10 Oct 2008 00:09:05 +0000 http://thebankwatch.com/2008/10/09/are-banks-becoming-government-utilities-like-water-electricity-or-the-post-office/#comment-26202 Hi BankWatch,

I tried contacting you a while ago but never received a response, can you please email me so we can discuss my proposal?

Thanks

]]> By: Dan Dickinson http://thebankwatch.com/2008/10/09/are-banks-becoming-government-utilities-like-water-electricity-or-the-post-office/#comment-26201 Thu, 09 Oct 2008 22:17:45 +0000 http://thebankwatch.com/2008/10/09/are-banks-becoming-government-utilities-like-water-electricity-or-the-post-office/#comment-26201 What, I don’t even get a hat tip? :)

Interesting to note that, according to the Economist, John McCain’s economic advisor doesn’t like the inclusion of the capital injection in TARP, but Barack Obama’s advisor does. Both stopped short of actually saying they favour capital injection as the approach to take though.

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