New Bank Bailout

January 19, 2009

Another set of measures to get the banks to lend more have been announced this morning. It’s an acceptance that the previous bailout hasn’t worked and more taxpayers money is being exposed to correct the mismanagement at the banks. You get the feeling that the banks are a bottomless pit which the Government will throw money into and cross its fingers praying that the latest money thrown in will somehow get the whole banking system to work. How far off the nationalisation of all banks are we?