http://www.congressvoices.org/2009/c9-reforming-the-financial-and-banking-systems/ TUC Congress: Discussion, news and comment Mon, 26 Sep 2011 00:15:35 +0000 hourly 1 http://wordpress.org/?v=3.2.1 http://www.congressvoices.org/2009/c9-reforming-the-financial-and-banking-systems/comment-page-1/#comment-12 John Gray Sun, 13 Sep 2009 20:26:51 +0000 http://www.congressvoices.org/2009/c9-reforming-the-financial-and-banking-systems/#comment-12 Good motion but better regulation by itself is not enough. Active investor participation and representation (“Workers Capital”) is a must to prevent future crisis and not just for the nationalised Banks. Traders will always find ways around regulations. What we need is owners to take control of their own money and at least we should make sure no harm to the basic economic system with our investments. Our pension and insurance funds must be allowed to be active owners in the wider economy. Good motion but better regulation by itself is not enough. Active investor participation and representation (“Workers Capital”) is a must to prevent future crisis and not just for the nationalised Banks. Traders will always find ways around regulations. What we need is owners to take control of their own money and at least we should make sure no harm to the basic economic system with our investments. Our pension and insurance funds must be allowed to be active owners in the wider economy.

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