Saturday, 14 February 2009

Nationalisation of Lloyds Bank?

It's being seriously talked about, and I hope against hope that the government won't be tempted. The only bit we should be financially supporting is the retail banking division. Taxpayers should have no liability for international financial adventuring and the like; split Lloyds into its constituent parts, save the bits we should save and either sell the other bits off, or let them stand on their own feet, or let them fail.

The horror of a nationalised bank will be beyond those who can't remember the three month wait for a telephone, or British Leyland managers allocating body colour / upholstery colour combos to dealers irrespective of customer demand, or all the other horrors of nationalised industry.

2 comments:

Blue Eyes said...

I was thinking the other days as I walked down a High Street containing several banks and building societies how inefficient it is to have so many competing providers. Why not merge all the banks into one, call it the Royal Bank or something? That was all that lovely in-demand retail space can be turned over to craft shops and estate agents...........

Anonymous said...

was ich suchte, danke