Hmmm... it's not quite the same thing. I don't for a second advocate a laissez-faire economy, we obviously need sensible regulation and intervention. But it needs to be appropriate, and in this case it really needs to be coordinated with other major financial centres. Legislation also needs to come from a body which understands the industry, not from an election campaign "brainstorming" session. To take the car analogy further... wouldn't a better solution be to put a speed limiter on all cars sold in this country, rather than to fine offenders? Similarly, there are measures which could be put in at a lower level in the financial industry, but instead we focus on cruder, simpler measures which the public will understand. Anyway, I will step aside as we have gone off topic...