Maybe, maybe not. But there was an interesting comment by one of our viewers on YouTube that got me thinking.
That angle is just one part of the story, there have been cases where public banks were clearing the mess created by private banks. Case in point: PSU banks picking up stake in Yes Bank making sure it doesn't go under.
So I guess, the case for dual regulation is indeed there, just that it has it's good and bad. Still unsure how I think about it.
There is, I am afraid, another view of Brexit, which millions of its citizens voted for in a referendum. Brexit was always about politics, not about economics. It was the UK's own 1776 moment: a kind of "no taxation without representation". A country with hundreds of years of making its own laws and rules, including its border regulations, could not live with this. The EU Commission is an unelected bureaucratic creation, and the EU Parliament is a tool of this body; it votes only on laws and rules that the Commission puts forward—it's a sham democracy. The EU has made a mess of it by unbridled regulation. Even free movement within the so-called EU “single market” is a myth; there are huge barriers [frictions!], as the IMF has shown. The Draghi Report showed how the EU has legislated itself (not by democratic consent) into near disaster; so maybe not being in the EU was, in retrospect, not a bad idea. The data about imports/exports is flawed due to the Rotterdam effect and can be tortured to speak what you want it to say (the difference-in-differences studies use this data and make strong assumptions that are violated so that these conclusions are meaningless), and MSM media is not unbiased in the Brexit debate—so there is another side too that needs mention.
Will explained on bob saga!! Could you please explain bit more on dual regulation and specifically where RBI doesn't have control on PSB.
Remarkable story on brexit, 🙏🏼🙏🏼
Thank you :)
the BOB saga, well explained and also the point that how they'll go unpunished as its a GOI undertaking.
Had it been a private bank, its shares would have corrected by 30-40% by now
Maybe, maybe not. But there was an interesting comment by one of our viewers on YouTube that got me thinking.
That angle is just one part of the story, there have been cases where public banks were clearing the mess created by private banks. Case in point: PSU banks picking up stake in Yes Bank making sure it doesn't go under.
So I guess, the case for dual regulation is indeed there, just that it has it's good and bad. Still unsure how I think about it.
There is, I am afraid, another view of Brexit, which millions of its citizens voted for in a referendum. Brexit was always about politics, not about economics. It was the UK's own 1776 moment: a kind of "no taxation without representation". A country with hundreds of years of making its own laws and rules, including its border regulations, could not live with this. The EU Commission is an unelected bureaucratic creation, and the EU Parliament is a tool of this body; it votes only on laws and rules that the Commission puts forward—it's a sham democracy. The EU has made a mess of it by unbridled regulation. Even free movement within the so-called EU “single market” is a myth; there are huge barriers [frictions!], as the IMF has shown. The Draghi Report showed how the EU has legislated itself (not by democratic consent) into near disaster; so maybe not being in the EU was, in retrospect, not a bad idea. The data about imports/exports is flawed due to the Rotterdam effect and can be tortured to speak what you want it to say (the difference-in-differences studies use this data and make strong assumptions that are violated so that these conclusions are meaningless), and MSM media is not unbiased in the Brexit debate—so there is another side too that needs mention.
Read this from an economist who was a member of the EU Parliament: look at his substack: https://substack.com/home/post/p-189911382 as well as this X article -and others- by an economist who lives in the EU and supported the idea https://x.com/psantacl/status/2074564805621436422 .