Saturday, November 07, 2009

Banking Crisis

Surely it would have been cheaper to the UK taxpayer to recompense savers in the banks, but otherwise let the banks go bust / bankrupt like any other business in trouble. Shareholders would lose out, but that’s the same for any bankruptcy – tough!

Propping up failed banks so the bankers can continue their bonuses for failure is ridiculous – most should be sacked for incompetence, or arrested for fraud / criminal negligence!

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