This time we must nationalise

Posted on

There are rumours - no more - that loans to ailing financial institutions are beginning again in Europe.

The Greek bailout is, by all reports, failing.

Markets are falling.

The underpinnings of the banking system are falling apart again.

Of course we can save the banks, again. We can print money. We will have to.

But this time let's get real. This time we don't lend them that money. Or give it to them as quantitative easing.

This time we nationalise.

This time we take control. This time we do so with the aim of cutting out the cancer. This time we do it for the long term. This time we don't take the crap: the bankers do. This time, surely, we get it right. And this time we change the management, for good.

Surely no one can disagree this time, can they?

Thanks for reading this post.
You can share this post on social media of your choice by clicking these icons:

You can subscribe to this blog's daily email here.

And if you would like to support this blog you can, here: