29 September 2008

Look, it's not that simple

Here is an extract from The Treasury statement on Bradford & Bingley:
The Banking (Special Provisions) Act 2008 also provides for a compensation Order to be made. This order - relating to compensation for shareholders and others whose rights may have been affected by the transfer into public ownership - will be laid in due course.

The problem is this: who - in their right minds - would now be prepared to invest in shares in any financial institution?

Actions have consequences ...

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