Tuesday, January 20, 2009

banks nationalisation, the ft is seriuos about it

http://ftalphaville.ft.com/blog/2009/01/20/51410/nationalisation-linkfest/




no future for you


watch


shoot the bankers , nationalise the banks

That is bad enough. But what most angers those running businesses, and indeed those simply trying to keep their personal finances afloat, is the mix of insouciance and venality that often describes the banks’ response to the crisis. We are told it was an act of God; or it was all the fault of the Americans; or we should blame the regulators. As for nationalisation, heaven forfend. Bankers must all be allowed to run their businesses without interference, even as they suck up public money.....

For the moment, though, I cannot think of a more popular policy than shooting the bankers and nationalising the banks. It might even win Mr Brown an election. Come to think of it, it could also be the way to get us out of this mess.

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