Friday, October 17, 2008

Repossessions

So now we know that the Englisg taxpayer has bailed out the Scottish banks for the reasons of winning the Glenrothes bye-election. Gordon Brown is now saying that how could the SNP have saved the Scottish banks. This whole episode is appalling pork barrel politics.

It is the Scottish banks which have been nationalised, not the English ones. Lloyds TSb must not go ahead with the merger, they must not allow the rape of their shareholders by allowing the government to dictate dividend policy.

I am not a shareholder in any of the companies nor do I live in Scotland, although I do have a soulmate who does.

Nothing has been nationalised, the banks have not for sure. If they have been nationalised then why have we been told that as soon as possible any banks in receipt of taxpayers money will repay that money and then become the same as they were before they were in receipt of the aforesaid taxpayers largess.

In the meantime why are Northern Rock repossessing so many properties, is this how socialists want the state to behave.

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