Comments on: Too big to fail? Guerrilla central banking and the last resort http://blogs.reuters.com/uknews/2009/11/25/too-big-to-fail-guerrilla-central-banking-and-the-last-resort/ Insights from the UK and beyond Tue, 15 Nov 2016 20:30:03 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: the enlightened one http://blogs.reuters.com/uknews/2009/11/25/too-big-to-fail-guerrilla-central-banking-and-the-last-resort/comment-page-1/#comment-13737 Wed, 25 Nov 2009 16:01:04 +0000 http://blogs.reuters.com/uknews/?p=5004#comment-13737 I take issue with some of the comments being thrown out today such as “the taxpayer has footed the bill” How so? the money has been repaid and no doubt with something extra on top as i’m pretty sure it’s not free money. the comparrisons with schools , universities , defence are not paralleled as there is no return from sone of these expenditures whereas with a “loan” and loan being the key word here, there is a return of the original investment plus some profit for the tax payer. Imagine what could be done if the government sold their stake in the major banks at a significant profit in the future. There’s exra money in the pot which wouldn’t have otherwise been there to sread downward on education and health and the armed forces. Where will the outcry be then.Individuals are not necessarily stupid but people en masse are. Look at the panic which eventually led to the collapse of Northern rock when it was announced they’d asked for a facility , not even taken , from the Bank of England. Mass hysteria and people queueing to withdraw the lifeblood of the bank for fear of them going under yet they themselves perpetuated the ultimate demise of the bank.Good call by the B of E I say. you can’t trust idiots to make the right decision.

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