Nationalisation

[lostsoixanteneuf]

If the banks that are in trouble now get fully nationalised dose that lead on to years of tax payer support putting off the inevitable end before they finally end up like BL, ship building, coal mining and British Steel?

[davepoth]

no, they have a business model that can work, unlike the previously nationalised companies.

[lostsoixanteneuf]

Nice, lets hope its not like the old one they had.

[davepoth]

lostsoixanteneuf said:

Nice, lets hope its not like the old one they had.

It shouldn't be; so long as we mandate debt:asset ratios that will stop "casino" banking, we should be fine.

[Fittster]

Been there before, could the commercial banks really compete with Girobank MK2?

[Du1point8]

lostsoixanteneuf said:

If the banks that are in trouble now get fully nationalised dose that lead on to years of tax payer support putting off the inevitable end before they finally end up like BL, ship building, coal mining and British Steel?

Which banks are you talking about?

Anything recent that I have missed?