If banks are too important to go bust.....

[BrilloPad]

.... then why are they allowed to be run privately?

[TimberWolf]

.... then why are they allowed to be run privately?

Because it's all a big swindle?

[BrilloPad]

Because it's all a big swindle?

Well the police are not even allowed to even go on strike!

I reckon they should either be nationalized (and run inefficiently) or allowed to operate in a proper free market. i.e. LTCM should have gone to wall in 1998 and no dropping of interest rates at first sign of a wobble.

This US bailout - suppose it was to happen in Eurloand? Imaging trying to get all those governments together!

[rootsnall]

Well the police are not even allowed to even go on strike!

I reckon they should either be nationalized (and run inefficiently) or allowed to operate in a proper free market. i.e. LTCM should have gone to wall in 1998 and no dropping of interest rates at first sign of a wobble.

This US bailout - suppose it was to happen in Eurloand? Imaging trying to get all those governments together!

I think the Yanks have avoided 3 recessions by pumping in cheap money, just means we are now going to have a triple whammy recession to pay for it all.

[BrilloPad]

I think the Yanks have avoided 3 recessions by pumping in cheap money, just means we are now going to have a triple whammy recession to pay for it all.

Is that what a depression is?

If a recession is two consecutive periods of negative growth - what is a depression?

[rootsnall]

Is that what a depression is?

If a recession is two consecutive periods of negative growth - what is a depression?

Soup kitchens and doss houses !?

[Another Dodgy Agent]

Soup kitchens and doss houses !?

I see a whole new market emerging... I could supply dossers to the soup kitchens.

[DimPrawn]

I see a whole new market emerging... I could supply dossers to the soup kitchens.

Someones got to make the soup. More swan roasting Albanians needed.

[Troll]

Where does all the money to buy up the failing banks come from? does the BoE just ratchet up the printing presses over the weekend?

If so, is that not inflationary?

[Churchill]

Where does all the money to buy up the failing banks come from? does the BoE just ratchet up the printing presses over the weekend?

If so, is that not inflationary?

The banks are being nationalised. They belong to us! We are paying!