24 September 2012

Re-inventing the wheel

The Government is already the majority shareholder in one of the big four banks, RBS.  And it has what amounts to a controlling stake in another, Lloyds.  Each of these has offices all over the UK; each of them the staff and the resources to do whatever the Government tells them to do.  So why go to the trouble of setting up a new bank from scratch, which is what the blessed Vince wants to do?  Think staff recruitment, think offices, think computer systems, think loan procedures.  Crazy, isn't it?


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