aww, shit
Well, no.
But you, British taxpayer, are now the proud owner of 37 billion-pounds-worth of bank. £37 billion! Frankly, you could have done better. But, now you own the banks, you can attempt to guarantee
- they start lending to businesses again, so you get paid, other business get paid and we won’t have to queue with wheelbarrow-fulls of worthless tenners just to do the weekly shop
- they start giving mortgages again, and, hopefully, stem slumping house prices and, eventually negative equity
- they stop making stupid, greedy decisions a la short selling and credit default swaps and stick to tried and tested safe investments
- it will rally the stock market and save your/ your parents’ pensions
- they put an end to those obscene bonus’ that had us all jealous and whatnot
- some of said greedy fuckers will be fired. Which may be a bad thing – they’re, seriously, the only people who know how all these dodgy financial instruments work. Also, my cousin works in the city, and I kind of liked the fact his mum kept boasting about his crackberry and disgustingly large bonus.
It could also…
- have no effect whatsoever on the economic downturn
- saddle you with an untold amount of financial junk, including your own buy-to-let mortgage, which (be honest) you had no intention of actually paying…
- screw us all
- screw us all
- screw us all
Oh happy day: you now own 60% of RBS and 41% of HBOS/Lloyds TSB.
