All your banks are belong to us
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"The government is to take a majority stake in the recently-created Lloyds Banking Group, the BBC has learned.
Under an agreement with the Treasury, the government's stake will increase from 43% to between 60% and 65%.
Some £260bn of toxic loans will be insured, and Lloyds will be required to lend more to households and companies"
http://news.bbc.co.uk/1/hi/business/7927415.stm
Just Barclays and HSBC to go before the taxpayer has a clean sweep.
Under an agreement with the Treasury, the government's stake will increase from 43% to between 60% and 65%.
Some £260bn of toxic loans will be insured, and Lloyds will be required to lend more to households and companies"
http://news.bbc.co.uk/1/hi/business/7927415.stm
Just Barclays and HSBC to go before the taxpayer has a clean sweep.
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