Friday, 27 February 2009

Who is Running our Banks?

Well .... it's supposed to be UK Financial Investments.

Who are the members of UK Financial Investments?
How are they elected?
To whom are they accountable?
What is their remit?

The fact is that the New Labour government knows and cares nothing about public ownership. The nationalisation (note the choice of language) of some banks is a temporary fix, with no real direction, until the banks can be handed back to the private sector at a knock-down price.

It's all part of getting back to 'business as usual' as soon as decently possible.

How different it could and should be.

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