Sir, – In the current crisis the banks have shown their true colours. They have continued to act in an arrogant and greedy manner. I do not believe this will change. Therefore it is essential that legislation is enacted immediately to curb their excesses.
We need to return to the two basic branches of banking – “High Street” and “Commercial”. The legislation needs to ensure that one branch of the system cannot share finances with the other. Only then can we return to long term stability.
Why the delay? – Yours, etc,