https://pinboard.in/u:jm/public/ recent bookmarks from jm 2015-09-30T11:35:39+00:00 http://www.theguardian.com/business/2015/sep/30/how-the-banks-ignored-lessons-of-crash?CMP=share_btn_tw jmFirst of all, banks could be chopped up into units that can safely go bust – meaning they could never blackmail us again. Banks should not have multiple activities going on under one roof with inherent conflicts of interest. Banks should not be allowed to build, sell or own overly complex financial products – clients should be able to comprehend what they buy and investors understand the balance sheet. Finally, the penalty should land on the same head as the bonus, meaning nobody should have more reason to lie awake at night worrying over the risks to the bank’s capital or reputation than the bankers themselves. You might expect all major political parties to have come out by now with their vision of a stable and productive financial sector. But this is not what has happened. ]]> banks banking guardian finance europe eu crash history https://pinboard.in/ https://pinboard.in/u:jm/b:de468fc8be8f/ 2011-12-08T15:55:06+00:00 http://www.popularmechanics.com/technology/aviation/crashes/what-really-happened-aboard-air-france-447-6611877 jm aviation crash flight flying autopilot stalls warnings alarms ui af447 risks automation https://pinboard.in/ https://pinboard.in/u:jm/b:cc02b8859dac/