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The British government "will urgently investigate" the case for splitting RBS (RBS) into "good"...

The British government "will urgently investigate" the case for splitting RBS (RBS) into "good" and "bad" banks, Finance Minister George Osborne said yesterday. The decision will depend on whether the move would support the economy, if it were in the interests of taxpayers, and if it were to speed up RBS's return to private ownership, which is some way off. However, Lloyds (LYG) is in good enough shape for the government to start selling its 39% stake in the bank within months.
Comments (3)
  • User 353732
    , contributor
    Comments (4788) | Send Message
     
    How long before the new good bank becomes a bad bank?
    It is not structure but behavior that needs to change and as long as Big Govt issues bad public debt and fake currency, Big Money will continue to both support and participate in the financial fraud and economic deception.

     

    Maybe it is Big Government that needs to be split into good government and bad government first?
    20 Jun 2013, 05:27 AM Reply Like
  • Whitehawk
    , contributor
    Comments (3129) | Send Message
     
    Governments and CBs inculcated moral hazard in the financial sectors. Voters let them do it. Crony socialism. What we need is limited government, and banks and depositors that are aware of and accept the risks. Capitalism is built on sound credit and default risk estimation, not ponzi finance with bailout potential every time.
    20 Jun 2013, 07:01 AM Reply Like
  • june1234
    , contributor
    Comments (2502) | Send Message
     
    Good for him , great recommendation. LIke the Fed's Fisher recommended they do here; that way the whole planet does not have to suffer because of TBTF irresponsible behavior
    20 Jun 2013, 05:44 AM Reply Like
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