May 04, 2013

FT, how can you learn if you do not want to listen?

Sir, in your editorial “US spring fails to spread to Europe” May 4, if it could really be called a “spring”, you write “fixing the banks to help the recovery is the lesson Britain and the eurozone must learn from the US.”

The real difference between the US banks and your banks is that the former never fully implemented Basel II and are therefore much less exposed to the distortions the capital requirements for banks based on perceived risks already cleared for elsewhere cause.

But since that is precisely what I have written you more than a thousand lettersabout, but that you have preferred to ignore, I must then ask… how are you suppose to learn if you are not even willing to listen?

Frankly... who has such silencing powers in the Financial Times?