Tuesday, 18 March 2008

Nationalise the banks?

 Excellent post here from feisty green economist Molly Scott Cato.
It is indeed obscene that some of the very institutions that got us into this appalling mess are now stacking up fat profits on the resultant panic. And we are paying the cost, and being 'gifted' a series of state mortgages...
It's time, it seems to me, to start talking about nationalising the banks... As they were doing on no less an august national institution than the TODAY programme, this morning! ;-)
 

1 Comments:

Blogger Dorothea said...

What? After the profits have been privatised all these years, we shouldn’t just let them get away with socialising the losses now!

http://www.opendemocracy.net/article/globalisation/institutions_government/sleepwalking_disaster

24 March 2008 at 21:33  

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http://gaianeconomics.blogspot.com/2008/03/financial-crisis-their-gain-our-pain.html
 Excellent post here from feisty green economist Molly Scott Cato.
It is indeed obscene that some of the very institutions that got us into this appalling mess are now stacking up fat profits on the resultant panic. And we are paying the cost, and being 'gifted' a series of state mortgages...
It's time, it seems to me, to start talking about nationalising the banks... As they were doing on no less an august national institution than the TODAY programme, this morning! ;-)
 
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