Monday, Jul 28, 2008
Oh No Not the 'N' Word
BBC Newsnight: Now somebody's saying the banks will be nationalised!
Banking analyst Bruce Packard of Pali International believes that Nationalisation is on the agenda for UK banks. We have looked at the Nordic banking crises of the early 1990s for potential lessons that might be applied to UK banks and a worrying measure is that UK indebtedness (loans/GDP 150%) is currently much higher than in the Nordic countries during the Nordic banking crises (less than 100%).
Posted by enuii @ 11:30 PM (520 views) Add Comment
2 Comments
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1. paul said...
A well made point is that when baks underperform:
"it is shareholders not depositors who get hammered in such circumstances"
Get out of banking shares quickly.
2. harold said...
"Get out of banking shares quickly"
Anyone still in banking shares has, I think, already missed the boat by a country mile (so to speak).
This is effectively what has happened in the States already - only there is called by its true name: corporate cronyism.