Wednesday, May 13, 2009

Rob needs to water those green shoots

Should we save building societies?

Peston: I know I've said that funding conditions in financial markets have been improving, that the risk of another cataclysmic banking crisis has diminished very significantly and that the rate of contraction of our economy appears to be slowing down, but...

Posted by devo @ 12:23 AM (800 views)
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2 thoughts on “Rob needs to water those green shoots

  • Peston refers to 7 smallish Building Societies. Small things are easy to deal with, lets keep them that way. No need for another Mega mess like Lloyds/HBOS.

    Just because Moodys downgraded their financial status shouldn’t worry anyone very much – weren’t Moodys the idiots who graded all the sub-prime stuff at AAA?

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  • last_days_of_disco says:

    And now we see the practical unfairness that goes along with the too big to fail mantra. Its a big lie and hence a very good lie, it works brilliantly.

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