The people that own the banks are more powerful than any Government, so any laws designed to control them will always be flouted by the banks or will be designed with loopholes which the public will not know about until it is too late.
As Dr Alf knows all too well, the incidence of banking scams since before the so-called banking collapse which “started in America and then spread across to Europe” is increasing whilst nothing concrete is ever done.
Those appointed to regulate the banks lack the intelligence, mental dexterity and cunning to out-think potential fraudsters and the authorities (with the exception of those in Iceland) have steadfastly refused to jail any bankers or sequester their assets.
In America some of the worst examples have been jailed but in the UK not one person in the Square Mile, the real capital of the UK and the hidden empire based on the Commonwealth has been brought to book.
This is not an accident and until these guilty people are exposed and rooted out nothing will ever change