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jellybaby-
Are they even set up for mortgages and traditional high street banking.?
My thinking was It would be cheaper to nationalise something that failed over trying to build all the infrastructure from scratch?
Given the government holds so much of the risk, it should be part of getting a UK banking licence. You fuck up and the state gets it all.
Grumpy_Git
Change the law to nationalise the next failed bank and then use it as a holder of last resort for liabilities/assets of any future failures?