We already own banks. Why can't one or more of those be the Business Bank? Or even, if there must be such a thing, the Green Bank? In the former case, why are they not all like that already? Who's in charge here?
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Whoever is in charge should be clawing back the money we've already made available to the banks for business lending. Which they haven't done, as it seems the money has been used for share price and balance sheet stabilisation.
ReplyDeleteThere are already more banks than you can shake a stick at, we don't need another one with a raft of bureaucracy and a plush paid chief executive.