tag:blogger.com,1999:blog-3869075072931465663.post2706946603132346379..comments2023-09-15T13:34:10.017+01:00Comments on Cognitive Blindspot: A Wunch of BankersUnknownnoreply@blogger.comBlogger2125tag:blogger.com,1999:blog-3869075072931465663.post-60725305271642442132008-02-20T11:22:00.000+00:002008-02-20T11:22:00.000+00:00Great post! I have long been offended by the way ...Great post! I have long been offended by the way big banks (who have political power unavailable to Real People) are able to feed at the public trough when they get themselves into trouble through their own greed. I find this REALLY offensive, but it's not going to change.Bilbohttps://www.blogger.com/profile/14213505386288233192noreply@blogger.comtag:blogger.com,1999:blog-3869075072931465663.post-20509136395792930672008-02-18T13:08:00.000+00:002008-02-18T13:08:00.000+00:00As I understood an interview on BBC Breakfast this...As I understood an interview on BBC Breakfast this morning, the shareholders aren't happy because their shares lose even more value as a result of the nationalisation - they certainly don't feel protected as a result of the government's actions.<BR/><BR/>You raise a good point though: while any large business failing has a dramatic effect on jobs, shares, employees etc, the government shouldn't just step in and say "we've got it covered."<BR/><BR/>It's a rhetorical question, but if they're willing to do it with £110 billion for one company, why can't the government do it for any number of much smaller businesses that face difficulties every year?NathanRyderhttps://www.blogger.com/profile/17963023116440525852noreply@blogger.com