Comments on Bits or pieces?: Bank Recapitalisation ... Pirate Style

They need to slow down when it comes to deciding o...

2011-11-30T09:32:53.701Z

They need to slow down when it comes to deciding on these matters. Emergency decisions will only fail the financial scheme.

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+Dave Neary: Possible, though UK FSA only guarante...

2011-10-06T11:43:19.409+01:00

+Dave Neary: Possible, though UK FSA only guarantees upto a certain level of deposit and in the above case we're talking about a loan.

However, as for Chicken - a high stakes game designed to influence the government for the purpose of advancing a monetarist ideology which may involve serious damage to the property and assets of UK citizens - well, there's always the Terrorism Act 2004.

Governments have a range of very sharp teeth which banks don't. Threatening we will go bust and bring down your economy if we don't get our way, might end up with some very interesting consequences. I'm not sure the wise would want to push that one too far.

Contrary to popular belief, it's not Goldman Sach's that rules the world, Governments do (albeit probably under heavily influence and infiltration).

Recapitalization of the banks should definitely re...

2011-10-05T15:33:59.944+01:00

Recapitalization of the banks should definitely represent a sensible investment for the taxpayer.
Just look at the state, for example, Lloyds is in in the UK at the moment. The share price is well below what the taxpayer paid and shows no signs of rising any time soon.

Won't you end up in a high stakes game of Chic...

2011-10-05T14:10:15.923+01:00

Won't you end up in a high stakes game of Chicken with governments who stand to lose if the banks go broke (thanks to guaranteeing deposits)?

"You can't let us go bust"..."Oh yes we can"...