alanbeeb
pfm Member
You’re in the too big to fail camp then. All banks have interdependencies. The failure of any bank is nothing which shouldn’t be able to be handled effectively by regulators. They could be insolvent but still be operational until sold. As happens with companies in administration.
Northern Rock, Lehmans etc went pop, so should have RBS. Nothing to do with the origins of certain key politicians at the time, I’m sure.
Northern Rock and Lehmans were orders of magnitude tiny compared to Lloyds and RBS. It has been clearly explained why the failure of RBS & lloyds would have been a structural disaster for the entire world financial system.
But you'd rather believe the Daily Fail/Torygraph little-englander blame-everyone-else b*LLO*CKS.... and this mindset is exactly why the UK is now TOTALLY F**K*D. thanks.