Friday 13 February 2009

Mutual Feeling

I feel very sorry for the Northern Rock shareholders. This would never have happened when they were the members of a mutual building society. The central government stakes in HBOS and RBS are now non-negotiable safeguards of the Union. But apart from those, the banks should as soon as possible be turned into mutual building societies, with an absolute statutory ban on any future change to that status.

No comments:

Post a Comment