Good+Bad=Bad, the government hoped it would equal good!
They should have let the bad fail, but its too late for that. LYG will probably be nationalised now, what a shame. I was tempted to invest at $8, glad i didn't. Don't trust the UK governement to look after shareholders, their track record is not good.
Lloyd's Dampens Investor Confidence [View article]
They should have let the bad fail, but its too late for that. LYG will probably be nationalised now, what a shame. I was tempted to invest at $8, glad i didn't. Don't trust the UK governement to look after shareholders, their track record is not good.