Quote:
Originally Posted by Maggy J
Well if a bank has a fairly certain expectation that the government will bail them out if everything goes tits up then yes that bank does not have to obey the rules of economy that the rest of the universe has to apply.
That's why I'm trying not to spit.
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That's not the fault of the banks is it. It's the fault of the government and regulators of the time - they created the environment in which the banks were operating and they're just as culpable as anyone else. The people directly responsible for what happened are the ones who ought to have been made to pay, not those who it appears have been doing a very good job sorting out the mess. Who's going to take on the job of rebuilding these institutions so we can get our money back if they're going to be severely penalised for so doing whilst Fred the Shred and his ilk have already departed with pensions, pay offs and honours intact? It's that final thought that makes me want to spit.
http://www.telegraph.co.uk/finance/n...-bail-out.html