Wednesday, October 28, 2009

Too Big to Fail?

Only in America. Great Britain apparently isn’t controlled by its bankers.

Lloyds, Royal Bank of Scotland and Northern Rock will be broken up and parts of their businesses sold off to create three new banks, it emerged last night.

Government sources said ministers were "determined" to see more competition in the market, following the £1.2 trillion bailout of the sector which resulted in the loss of three independent banks and several building societies.

  UK Independent

That’s the way you deal with that.


....but hey, do what you want....you will anyway.


No comments:

Post a Comment

Comments are moderated. There may be some delay before your comment is published. It all depends on how much time M has in the day. But please comment!