Bank capital has more incentive to think long term, rather than engage in speculative investing.  Maybe there should be a small securities transaction tax to slow down volume on mercantile exchanges and create an incentive for long(er) term investing.

And I'll give my consent to any government that does not deny a man a living wage-Billy Bragg

We declare that our bank-based (as opposed to market-based) financial system works well and we press on with deregulation and market liberalisation.

Hedge funds plan to sue FSA over short-selling ban - Telegraph

¨The FSA's remit is to maintain orderly markets - the markets were working fine, only the banks were going bust.¨