The new socialism

[BankingContractor]

I remember Denis Thatcher as director of Burma oil going cap-in-hand to the government to get a handout to stop Burma Oil going under. So much for Maggie’s free market forces when it comes to her husband’s company

That's very interesting, never knew Burma Oil received a state handout.

Do you have a link?

[Paddy]

That's very interesting, never knew Burma Oil received a state handout.

Do you have a link?

No, happened before Internet you need back copies of news papers, but this happened after the handout.
http://query.nytimes.com/gst/fullpag...55C0A967948260

[DimPrawn]

http://www.thedailymash.co.uk/news/b...-200809151254/

[IR35 Avoider]

I read recently that in a few previous "bail-outs" during financial crises, the US government ended up making a profit for taxpayers. (I can't remember what crises they were, I recall the Savings & Loans one was the one where they didn't profit.) Given that they helped themselves to 80% of AIG's share capital, in addition to charging over 11% per year for the actual money they put in, maybe they will profit once again?