Monday, 13 July 2009

Banking On It

UKFI has said it, pretty much in so many words: no one is ever going to want to buy the nationalised banks, so they are going to be in public ownership for ever.

So much for following academic Marxism’s change of tactics from the economic to the social, cultural and constitutional, abandoning along the way any pretence at concern for the interests of ordinary people.

So much, in other words, for New Labour.


  1. Time to use the banks to invest in our economy - no more exporting capital and jobs.

    Left alone, they'll sell the shares off cheap - only unlike when they sold BT the value won't skyrocket.

  2. No one would buy them, no matter how cheap they were.