User 179334

British Banking Bailout: An Update

The tax payers always get stuck, so why destroy a good company? Regarding LYG - last half year report to shareholders LYG was in good shape. Now LYG shareholders are doing a favor to the UK Gov't through bailing out HBOS. UK Gov't damages LYG shareholders by demanding no dividends. The mortgage crisis originated by Gov't enablement, or allowing scrupulous and unethical lending practices. Gov't can wait for timely payback without destroying a good financial company. The tax payers always get stuck, so why destroy a good company?