Originally Posted by
DooblerChina
The government saved RBS amongst other banks to sure up the economy and stop the run on banks during the financial crisis. Without government intervention (across the world) in 2008 the whole system could have collapsed.
As well as the politically explosive scenario of ordinary people losing savings, especially those with more money tucked away than the FCA's compensation scheme would cover at the time. I won't go into my thoughts about what the government should have done with one or two banks at the time as this isn't the thread.