oh dear : world financial system to be nationalised !

**Cyberman** · 11 October 2008, 09:19

You haven't got a clue !!

**HairyArsedBloke** · 11 October 2008, 10:32

Using the term “Nationalisation” is very popular in the media and others with the ‘left-wing’ personality disorder, but it is not accurate. The banks are not going to be nationalised; some have that is true. What has been proposed that banks that need to be recapitalised will have the ability to sell some shares to the government as well as privately. In many cases these are preference shares, and hence, non-voting which means that the government will have little say in running of the bank either on a day-to-day or strategic basis. The assets of the bank (what the are of them) will not appear on the balance sheet of the government only their position in the banks stock.

**DiscoStu** · 11 October 2008, 10:41

Originally posted by sappatz View Post

goldman sachs traders will become civil servants of her majesty !

Fail.

**sappatz** · 11 October 2008, 19:52

The banks are not going to be nationalised

like Nothern Rock ?

**HairyArsedBloke** · 11 October 2008, 20:55

Originally posted by sappatz View Post

like Nothern Rock ?

Would you care to quote the full sentance? Read the whole post properly.

**DodgyAccountant** · 12 October 2008, 09:37

Bank Holiday Monday?

**HairyArsedBloke** · 12 October 2008, 11:10

It is a partial one in the US. Bond market closed for Columbus day, but the equity markets should be open.

Will they close the whole global system? Proberbly the worst thing they could do - so they proberbly will.

**AlfredJPruffock** · 13 October 2008, 07:02

. The banks are not going to be nationalised; some have that is true.

Jolly good.

Its just a new approach of managing capitalism - but we do need a new term - erm - the Peoples Banking Sector perhaps ?

oh dear : world financial system to be nationalised !