Wednesday, February 20, 2008
Does the Government fears that other banks will go bust?
The Chancellor took the unusual move of introducing small print into emergency legislation yesterday to prevent public scrutiny of the bank, which has been nationalised, MPs were forced to vote on the nationalisation yesterday, despite being kept in the dark over what public ownership will entail. George Osborne, the shadow chancellor, said last night: "The public is now paying for this bank, so we are entitled to know what it is doing with our money. The legislation allows the Government to nationalise any financial institution - raising fears that ministers may know that other banks are in trouble. Just what are the government trying to cover up?