AnthonyGerrard
02-25-2011, 06:47 AM
This is someone else question to be honest - from here
http://www.bbc.co.uk/blogs/thereporters/robertpeston/2011/02/hl_lloyds_-_blip_in_recovery.html
But
In the highly unlikely event, that RBS and Lloyds are returned to health, why can't the UK taxpayer keep part ownership?
If they returned to normality, started making big profits, paying big dividends etc, surely keeping our shares would put an end to: 'privatizing the profits -socializing the losses.
Or is it more like selling a old banger where only the rust is holding it together -patch it up and sell it on asap!
---
My only caveats are - I think they will recover quite nicely, and its wont be selling on a old banger - but rather one of the worlds big profitable corps.
Its not like banking has been nationalised - it would have to compete with private banking, and its not like its being run like a state institution - in whaich case it would be losing 25% of its budget and not paying out bonuses.
I presume theres some international laws introduced by the masters of puppets which seriuosly frowns upon state owned intfingment on their wealth generation, but welcomes the bail out.
http://www.bbc.co.uk/blogs/thereporters/robertpeston/2011/02/hl_lloyds_-_blip_in_recovery.html
But
In the highly unlikely event, that RBS and Lloyds are returned to health, why can't the UK taxpayer keep part ownership?
If they returned to normality, started making big profits, paying big dividends etc, surely keeping our shares would put an end to: 'privatizing the profits -socializing the losses.
Or is it more like selling a old banger where only the rust is holding it together -patch it up and sell it on asap!
---
My only caveats are - I think they will recover quite nicely, and its wont be selling on a old banger - but rather one of the worlds big profitable corps.
Its not like banking has been nationalised - it would have to compete with private banking, and its not like its being run like a state institution - in whaich case it would be losing 25% of its budget and not paying out bonuses.
I presume theres some international laws introduced by the masters of puppets which seriuosly frowns upon state owned intfingment on their wealth generation, but welcomes the bail out.