EU may save us from bank monopolies

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gmc
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EU may save us from bank monopolies

Post by gmc »

Lloyds may be forced to give up Halifax, say reports - 16 September 2009

Gordie boy had to emasculate the monopolies commission to get the deal through in the first place. They had blocked previous attempts by Lloyd to take too much of a market share. Looks like the best way we can prevent ourselves being shafted by the government and the banks is to stay in the EU.
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Oscar Namechange
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EU may save us from bank monopolies

Post by Oscar Namechange »

gmc;1242488 wrote: Lloyds may be forced to give up Halifax, say reports - 16 September 2009

Gordie boy had to emasculate the monopolies commission to get the deal through in the first place. They had blocked previous attempts by Lloyd to take too much of a market share. Looks like the best way we can prevent ourselves being shafted by the government and the banks is to stay in the EU.
Staying in Europe is not the only solution. The government can Impose penalties for state owned banks.
At the going down of the sun and in the morning, we will remember them. R.L. Binyon
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Bryn Mawr
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EU may save us from bank monopolies

Post by Bryn Mawr »

Question then becomes who ends up with the debts?

Having been "persuaded" by the government to take HBOS does Lloyds end up with no benefit but all the debt HBOS brought into the group or do you expect a potential purchaser to carry the can - if so who do you think would be mug enough?
gmc
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Joined: Sun Aug 29, 2004 9:44 am

EU may save us from bank monopolies

Post by gmc »

oscar;1242504 wrote: Staying in Europe is not the only solution. The government can Impose penalties for state owned banks.


They can impose them for private ones as well-or just not bother regulating them at all and let them rip people off, lend more in a mortgage than a property is worth, allow them to have usurers rates on credit cards and repossess homes after only two missed payments, they can let the pillocks whose stupidity bankrupted the banks leave without being penalised in any way whatsoever.

oh hang on Gordon let's them do that now.:-2
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