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Tuesday, 2nd December 2008

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YOUR VERDICT: Should Bradford and Bingley have been nationalised?



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Published Date: 29 September 2008
Was the Government right to nationalise a second troubled bank - Bradford and Bingley - months after the Northern Rock fiasco?
"As I understand the situation we find ourselves in I really dont see what other action the government can take but to step in. To do nothing (as i see it) would cause more damage than what's been done already."

Pete and Helen Dutton, Lower Bradway.


"Short and sweet totally disagree with it."

Mollie Hickman, aged 65, Handsworth

"What unbelievable idiots. The 1929-31 Great Depression story was nearly repeated. The Unregulated Free Market produced the financial scandal by British banks buying heavily into the 'sub-prime bonds'.

"The big scandal is the slowness they reacted to it - imagine HBOS going bust or a run on major banks - and Gordon Brown's belief in the Free Market.

"Also, the building societies should never have been allowed to stop being mutuals."

Richard Roper aged 58, Gleadless.

"I think the Government need to get their own house in order and get the country back on its feet before they start taking over banks or telling them how to run their business.

"I never thought I would say this but we should now as a country simply be called Britain because their is nothing Great about this country anymore.

"Will there be anything left that is actually British after more and more is taken over by foreign consortia?"

Kevan Smith, aged 51, Manor.

"Northern Rock...Bradford and Bingley...who's next?

"The banks win in good times and don't lose in bad.Why should the rest of us bail them out? We don't rescue steel firms and other manufacturers.

"Amazingly enough, the government finds cash for bankers but not nurses, bobbies and teachers. Funny old world."

Barry Cummings, aged 65, Broomhall.

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  • Last Updated: 30 September 2008 8:29 AM
  • Source: n/a
  • Location: Sheffield
 
 

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