Tuesday, May 19, 2009
Government looks to ensure it makes no profit and sells our banks to foreigners on the cheap
FT: UK looks towards sale of bank stakes
Admittedly, the government (we) can't realise huge profits on these banks rising share prices as they'll be suppressed by the very fact that they are own by the government, but the way this article is talking it looks as if UK PLC would rather make a penny today than a pound tomorrow. Furthermore, they are looking to foreign sovereign wealth funds as buyers. I wonder if some advisors to the government are getting back handers from prospective buyers to advise a sale at a good price.
Posted by lukeskywalker @ 10:01 AM (345 views) Add Comment
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