Bad news still coming out of the banking system with Norther Rock and HBOS still causing concern.
Vince has warned againstĀ a quick sale of Northern Rock which would be a bad deal of taxpayers and against a return to bonus culture for the nationalised banks.They should be working for the society benefit now not fat cat bonus.
It may well take a decade before these banks can be sold back to the private sector and it was great hearing Vince being the only one to stand up to the nonsense that the talent would leave for commercial banks. Well good riddance I think is the phrase most of us would use. What sort of talent is that created this banking mess.
Northern Rock in particular should be forced to act as a “responsible” lender to the economy.