Bank Myth Again

MP Pat McFadyan has just talked of the disaster which would have befallen us if the government had not bought RBS. The Treasury is now apparently going to take a massive loss selling a big tranche of the shares. Combine that with the way all banks are building up their reserves and not helping to rebuild the economy, yet still paying obscene bonuses and I question that disaster mantra.

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About robthill

I am semi-retired ICT Staff Tutor in Dundee, Scotland and an online facilitator. The views here expressed are my own somewhat quirky feelings about the world as I see it, no doubt just as prejudiced as most other bloggers.

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