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@almac68
Very interesting point made about Building Societies in that forum. I knew a bloke who worked for HM Treasury Department. He created the mechanism for converting bank societies in banks. One by one they met him and within the space of 15 years the way our money was managed, the place where you got your mortgage or put your savings changed for ever. High st banks became investment banks and our money was exposed to significant risk in global markets.
That bloke passed away about 10 years ago. I am pleased he didn't see the harm it caused, he was a really nice person. At his funeral the heads of all those building societies paid contribute to his involvement, no doubt wringing their hands pleased with the pay off to stakeholders and investors. :(