Posts tagged banks

Should the Government put the banks into liquidation?

For those who don’t agree or haven’t grasped my arguments for letting the banks go I want to have another try!

Let’s take RBS as an example. The bank has a £2.2 trillion balance sheet. A very small fraction of that relates to UK retail and corporate lending – circa £350bn.

My question is simple, in order to protect the core banking activity  – i.e. managing deposits, allowing payment and withdrawal of cash and lending to consumers and corporates, why shore-up £2.2 trillion when this activity only relates to 15% of this amount? Read on……… Read the rest of this entry »

Leave a comment »