Friday, March 12, 2010
Banks fine: pity about the customers.
So why were RBS and Lloyds/HBOS not fully nationalised, rather than given unconditional largesse? Speaking at this year's Spectator lunch, Darling boasted that "I own four banks". They appear to own him. They assured him they would use his money to lend to businesses and homeowners to avert recession. They lied and Darling knew it. He knew his money would disappear into underwriting the banks' casino debts and overheating the stock market