Article

2008-10-12 Europe

UK - Financial crisis: Nationalisation fears as ministers prepare to control banks

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Posted by 3dc 2008-10-12 00:31|| || Front Page|| [3 views ] Top

#1 The upside here is that when they sell these banks, whoever buys them is going to get them cheap.

Posted by Mike N. 2008-10-12 01:52|| 2008-10-12 01:52|| Front Page Top

#2 It's hard to find succinct descriptions of what is going on. Here's something I found on the "Infectious Greed" blog:

People keep talking about the perils of nationalizing the banking system. Newsflash: There currently is no banking system, if by that you mean a network of organizations lending to one another and to quality companies in a predictable way. ... Instead, there are a bunch of paralyzed deposit-hoarding institutions stuck in a game theory experiment that no-one understands or can exit.

Posted by Anguper Hupomosing9418 2008-10-12 02:00|| 2008-10-12 02:00|| Front Page Top

#3 So much for free-market Adam Smith type economic democracy. What would Thatcher or Reagan do? Not nationalize, that's for sure.

Posted by Jack is Back!">Jack is Back! 2008-10-12 10:46|| 2008-10-12 10:46|| Front Page Top

#4 LOL JIB, Thatcher wouldn't have let the Manager's leave the county.

Posted by .5MT 2008-10-12 13:00|| www.cybernations.net]">[www.cybernations.net] 2008-10-12 13:00|| Front Page Top

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