Comments on: How We Know They’ve Got it Wrong

By: Matthew

Matthew — Mon, 21 Jan 2008 14:13:54 +0000

The logic doesn’t really work. It was going to be nationalised, now it’s probably not. You would argue that a company in government hands is worth less than one owned by the private sector.

By: The Mekon

The Mekon — Mon, 21 Jan 2008 12:21:03 +0000

Kay Tie –

What about Part VII of the Financial Services and Markets Act 2000?

By: Ian Bennett

Ian Bennett — Mon, 21 Jan 2008 12:00:44 +0000

“The first concern should be to net depositors.”

Surely the first concern should be to the taxpayers whose money has been taken by force to prop up an ailing business. Then we can look to the depositors who at least had a choice as to where their cash would go.

By: Kay Tie

Kay Tie — Mon, 21 Jan 2008 10:35:50 +0000

“The first concern should be to net depositors. NR should be wound-up, to stop further risk. The accounts should be transferred to a solvent bank, etc. i.e. see the way NetBank was handled by the Fed.”

A good system, but our Government has been asleep on the tiller and simply not reformed the banking laws to allow them to do this.

By: AntiCitizenOne

AntiCitizenOne — Mon, 21 Jan 2008 09:39:16 +0000

The amount going to shareholders should be an cardinal integer less than one.

The first concern should be to net depositors. NR should be wound-up, to stop further risk. The accounts should be transferred to a solvent bank, etc. i.e. see the way NetBank was handled by the Fed.