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Old 11th Oct 2012, 17:02
  #851 (permalink)  
Skipness One Echo
 
Join Date: Aug 2002
Location: London (Babylon-on-Thames)
Age: 43
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You all say that the recapitalisation was wrong in that it rewarded bankers, all true, however I am still keen to discover what the alternative was. Had they not been rescued, RBS first in the line, would have failed. Tens of thousands would have lost their life savings and the contagion would have rippled out like a tsunami.
The complaint ought to be about under regulation of bankers, the action of saving the banks was essential. Obama and Bush are far from being Socialists but the Fed also threw money at the problem.

Am I correct that Fantasy Island is going to be built by 18th Century Dutchmen? Awesome plan, just my tuppence worth (he lied....).
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