observer Posted November 1, 2009 Report Share Posted November 1, 2009 Banks that is! Seems Gordy wants to split up the banks and sell "the good" bit to the private sector, probably at a knock down price. So what about the "bad" bit, and the even "uglier" toxic debts; will they be written off and charged to the tax-payer? Quote Link to comment Share on other sites More sharing options...
Paul Kennedy Posted November 2, 2009 Report Share Posted November 2, 2009 Yes Quote Link to comment Share on other sites More sharing options...
observer Posted November 2, 2009 Author Report Share Posted November 2, 2009 Seems it's not all Gordy's fault: apparently it's EU policy to provide "competition" in the banking (as well as other) systems; thus a break up and sell off is being forced on us. It will be interesting to learn whether or not the tax-payer has made a profit or a loss out of this whole rescue exercise? Quote Link to comment Share on other sites More sharing options...
Lt Kije Posted November 2, 2009 Report Share Posted November 2, 2009 Might have known you nwould blame the EU Obs, whats your idea Quote Link to comment Share on other sites More sharing options...
observer Posted November 2, 2009 Author Report Share Posted November 2, 2009 Simple - retain the banks in public ownership to a) ensure a return to the tax-payer ensure some semblence of ethical standards in the industry and c) look for ways of dumping the toxic debts and casino elements on the private sector. Quote Link to comment Share on other sites More sharing options...
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