What do you think would have happened? People would be forced to stop gambling on house prices and, shock horror, ordinary people would be able to buy a house again. People can't jet around the world 4 times a year on holiday. Or maybe the whole rotten banking system would go through a carthasis. Every banker has been preaching the power of the free market for years and just asking for more de-regulation, now let them feel it. Don't make me pay for the rest of my life for their crisis.
You say banks are too big to fail? The environment is massive, it's all we have and sustains us and it is allowed to be destroyed - utterly. Why no £600 for a better planet?
no.
if you let northern rock fail thousands of normal, every day, working class people would have lost everything. look, imagine waking up one day and your bank just not being there. no money to withdraw, no savings. that's it everything gone. imagine if you ran your business through that bank. everything gone.
no.
if you let northern rock fail thousands of normal, every day, working class people would have lost everything. look, imagine waking up one day and your bank just not being there. no money to withdraw, no savings. that's it everything gone. imagine if you ran your business through that bank. everything gone.