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morganist

Registered: Sep 2008
Posts: 657

11-03-09 11:08 PM

you probably know about this story already but i would like to add my point.

http://news.bbc.co.uk/1/hi/business/8340627.stm

any decision the gov makes about the lloyds rbs situation interests me. the reason i used to work for lloyds and knew that it was planned they would buy rbs years before they did. lloyds sold off its share company for capital to purchase rbs before the credit crunch and was intending to do it for a couple of years. the purchased was welcomed by the gov who wanted this too. this led me to believe the gov wanted and even planned for lloyds to take over or at least either they or lloyds anticipated the event that allowed it.

now i am not so sure if they are having to prop it up further and sell bits off. i am confused is it just bad planning or what. are the gov trying to privatise the group. what is the hidden agenda here. we know or at least i know it was planned but it seems to have gone wrong at least from a capitalist view.

what do you think.

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