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How Britain came within hours of the 'breakdown of law and order' in 2008
- kartan 8y agoBanks needed to be bailed out, bankers didn't. I don't know how it was in the UK, but in Spain bankers where bailed out. Citizens paid the excess of bankers. Taxes where redirected from health care, education, and other services toward banking. 10 years later bankers got everything back. Banks were bailed out and their owners where not accountable of anything. Just one learning for them, there is no risk when taxpayers have your back. Next time is going to be even worse. In my opinion bankers should have to head lost their money. Banks should have been bailed out to continue offer services and to keep safe accounts. How was done in other countries?
- rando444 8y agoSince the role of the value of money and government are so intertwined, one wonders if general banking should be more the role of the government institutions and not private corporations.
- acou_nPlusOne_t 8y agoDefinatly works well for china. Also germany, where most banks are small local Raiffeisen or Sparkassen - basically ruled by a board of the local industry/ political parties emissarys.