I just like the true facts of this case to be seen. Many people believe their Tax money saved Lloyds Bank. That is completely untrue. The facts are that Lloyds Bank shareholders saved the UK Government from an unprecedented run on the banking sector not seen since the 1920,s.
I just like the true facts of this case to be seen. Many people believe their Tax money saved Lloyds Bank. That is completely untrue. The facts are that Lloyds Bank shareholders saved the UK Government from an unprecedented run on the banking sector not seen since the 1920,s.
I stand corrected, although as that piece says, what did the taxpayer lose in the interim with austerity & the money could have been used elsewhere.
I'm of the firm belief that shareholders should never be bailed out. You buy shares in the knowledge of the risk involved. Different for depositors, although as I said yesterday, I believe the FSCS is too generous.
I just like the true facts of this case to be seen. Many people believe their Tax money saved Lloyds Bank. That is completely untrue. The facts are that Lloyds Bank shareholders saved the UK Government from an unprecedented run on the banking sector not seen since the 1920,s.
I stand corrected, although as that piece says, what did the taxpayer lose in the interim with austerity & the money could have been used elsewhere.
I'm of the firm belief that shareholders should never be bailed out. You buy shares in the knowledge of the risk involved. Different for depositors, although as I said yesterday, I believe the FSCS is too generous.
And if all the retail account holders lost their savings there would have been additional issues.
It was a unique global crisis that really had few options as to best address.
I just like the true facts of this case to be seen. Many people believe their Tax money saved Lloyds Bank. That is completely untrue. The facts are that Lloyds Bank shareholders saved the UK Government from an unprecedented run on the banking sector not seen since the 1920,s.
I stand corrected, although as that piece says, what did the taxpayer lose in the interim with austerity & the money could have been used elsewhere.
I'm of the firm belief that shareholders should never be bailed out. You buy shares in the knowledge of the risk involved. Different for depositors, although as I said yesterday, I believe the FSCS is too generous.
Bang on. Now let's apply that to the water companies. I'm sorry, Canadian teachers, but fuck you and fuck your stupid pension fund trustees
I just like the true facts of this case to be seen. Many people believe their Tax money saved Lloyds Bank. That is completely untrue. The facts are that Lloyds Bank shareholders saved the UK Government from an unprecedented run on the banking sector not seen since the 1920,s.
I stand corrected, although as that piece says, what did the taxpayer lose in the interim with austerity & the money could have been used elsewhere.
I'm of the firm belief that shareholders should never be bailed out. You buy shares in the knowledge of the risk involved. Different for depositors, although as I said yesterday, I believe the FSCS is too generous.
I don’t disagree, you buy the shares/investment and take risk of loss, against the prospect of rewards. However, in one day Lloyds was changed from one of the most solvent banks in the UK, to Lloyds/HBOS a debt laden failure. The UK Government, basically threw Lloyds under the bus, rather than nationalise HBOS. Following the crash and run on the Northern Rock Building Society, the Government could not allow another failure. This case is in my knowledge unique, and cannot be compared to issues today, with Utility companies and other public quoted entities. To this day Gordon Brown and Eric Daniels (Lloyds CEO) are hated, by Lloyds staff.
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I'm of the firm belief that shareholders should never be bailed out. You buy shares in the knowledge of the risk involved. Different for depositors, although as I said yesterday, I believe the FSCS is too generous.