Banks need Boundaries! Banken in die Schranken!

Petition:
Banks need Boundaries!

Banks now rent office space for their servers inside the buildings of the markets they trade on. (Less wire, faster trading.) They recruit physicists and mathematicians who know nothing about economics but can deal out a mean algorithm. Speculative capital dwarfs real-world money.

One can only imagine the leech-like effect this has on value-creation in the real economy. It's tempting to think we could stabilise matters through the introduction of Tobin Tax, aka Transaction Tax, aka Robin Hood Tax.

Is more regulation the answer? How can you truly know in advance the effect of a thousand-page bill? What if it was drawn up by banks' own lawyers?


by Michael K for Banks need Boundaries!

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