Time to nationalise the worst banks

[sasguru]

I don't know why the politicians are wasting time on this. A temporary nationalistion, restructuring and then selling the banks back to the private sector is the fastest way to sort out the problem - as the Swedes did in the 90s.

All the rest is a waste of time and money. Talk about fiddling while Rome burns,

[MPwannadecentincome]

why nationalise, why not liquidate and take out some of the rubbish?

[sasguru]

why nationalise, why not liquidate and take out some of the rubbish?

Because innocent people would suffer.

[Bagpuss]

I still find it hard to believe that these traditionally well run busineses have been ruined in such a short time, by what appears to be little more than gambling.

[sasguru]

I still find it hard to believe that these traditionally well run busineses have been ruined in such a short time, by what appears to be little more than gambling.

It's a cumulative and creeping effect over 10 years - not such a short time ...

[MPwannadecentincome]

Because innocent people would suffer.

innocent people are already suffering and the suffering will get worse if the bad bankers are allowed to continue their short-termist, pocket-lining ways!

[Mich the Tester]

I still find it hard to believe that these traditionally well run busineses have been ruined in such a short time, by what appears to be little more than gambling.

Have you ever contracted at a bank? I don’t find it hard to believe at all; as I said in another thread, shocking but not surprising.

[Bagpuss]

Have you ever contracted at a bank? I don’t find it hard to believe at all; as I said in another thread, shocking but not surprising.

No I'm in the conservative Pharma industry

[Moscow Mule]

I still find it hard to believe that these traditionally well run busineses have been ruined in such a short time, by what appears to be little more than gambling.

Well, that's what deregulation does for you. Once the FSA was created, nobody was really looking at what the banks were doing.

That, and David Bowie, are to blame for this mess.

[Mich the Tester]

No I'm in the conservative Pharma industry

Stay there. You'd be pretty shocked in banking. As a tester I get to see the tulipware they put into production; the quick at all costs approach of senior managers and the complete disdain for anyone who dares to point out the risks involved for other people's money.