Nationalise your banks ?

[otago]

It was damn funny reading a blog of a bank shareholder where he was saying how unfair it would be if his shares ended up being worth nothing because the bank had been nationalised, it seems some shareholders are slow, if the bank falls over the shares are still worth nothing.

So as a tax payer do you believe you have a duty to save privately owned banks ? or do you prefer them to be nationalised ?
Or let em fall over then the state can have them for a song ?

 

[Mowque]

I don't know enough to say

 

[Yui108]

Let them fall over.

 

[Cutlass]

Case by case basis. Some banks simply cannot be allowed to fail. Because the collateral damage is simply too high. Those should be broken up into little pieces that can be allowed to fail the next time they screw up. The ones that are small enough that they won't do much damage should be left to their own devices.

 

[kronic]

It was damn funny reading a blog of a bank shareholder where he was saying how unfair it would be if his shares ended up being worth nothing because the bank had been nationalised, it seems some shareholders are slow, if the bank falls over the shares are still worth nothing.

What's more, the shares of many not yet nationalised banks would be worth nothing if governments all over the world hadn't provided trillions in guarantees as these banks are simply insolvent without help. In fact, the whole global private banking system is insolvent. Take away government help from the banks that have already been nationalised and/or received guarantees and all banks that now appear to be healthy go down as well.

Nationalisation is the only option to save the system. We just don't know if governments can afford to bail out the banking systems. At this point, even the strongest countries could face default.

 

[otago]

Case by case basis. Some banks simply cannot be allowed to fail. Because the collateral damage is simply too high. Those should be broken up into little pieces that can be allowed to fail the next time they screw up. The ones that are small enough that they won't do much damage should be left to their own devices.

Cash gift, take equity or nationalise ?

 

[Cutlass]

Cash gift, take equity or nationalise ?

Take equity and recapitalize.