Public ownership may be unpalatable to many but it is just as difficult politically for governments to keep injecting money into banks without wiping out their owners... It may not be imminent or desirable but the spectre of nationalisation haunts the sector.
3 comments:
Interesting indeed.
In the Economist,
Public ownership may be unpalatable to many but it is just as difficult politically for governments to keep injecting money into banks without wiping out their owners... It may not be imminent or desirable but the spectre of nationalisation haunts the sector.
"Wiping out their owners" is an elegant turn of phrase.
I second that.
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