Watching the Andrew Marr show and a dreadful interview with Peter Mandelson by the host. Mandelson keeps talking about improving the international regulation of the banks and Marr can't or won't ask the obvious questions.
Who manages this regulation?
Who formulates this regulation?
Who implements this regulation?
To whom are they accountable?
Who votes for them?
I find it incredible that these people just assume that some sort of international regulatory system is either possible or desirable within a democratic system. It isn't - it's not even compatible with it, but they just don't ask the questions!
All Marr is interested in is asking stupid questions about saying sorry and custard.
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