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.
The state doesn't / shouldn't want to get in to Retail banking.
Then I suggest they shouldn't underwrite them.
My main point is that should banks fail if we as a state are the underwriters we should take all the assets from the previous owners (shareholders)
@Howard started
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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.