Bradford & bingley - cyclops to nationalise it?

Behold the vision of the mighty cyclops.


What the hell is this fucking shower of socialist cockmasters doing now? Why are they planning to put the debts of a bank onto the taxpayers of the land? They planning to nationalise Bradford and Bingley

Troubled bank Bradford & Bingley is to be nationalised, the BBC has learned.

Officials from the Treasury and the Financial Services Authority (FSA) have been in talks with executives from the bank in a bid to secure its future.

...The British Bankers Association is unhappy at some aspects of the plan.

Association chief executive Angela Knight told BBC Five Live she was not happy the taxpayer was having to take on the liability of B&B as well as Northern Rock.

Fucking right, how the fuck are companies going to learn, if when they act like a bunch of cunts and make piss poor judgements in business HM Govt comes along and says "Don't worry ol' chap we shall lob a huge wedge of taxpayers money at you cunts and bail you all out of the shit."

Sure a few thousand staff may lose their homes and jobs and the company will probably be sold off at a huge fiscal loss but the directors will be able to walk away and keep their bonuses.

Let them go to the wall, that way maybe some of the banks might think twice before following more risky business plans. Still at least one politician talks some sense.

The Conservative leader, David Cameron, said nationalisation should be a last resort.

He told the BBC the Tories would not sign "blank cheques" for the taxpayer to bail out failing institutions.

He also said that what was most important in a case such as B&B was that depositors' savings were protected.

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