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Category Archives: New Deal Bank

Nationalise B & B, then relaunch it as the New Deal Bank

23-Sep-08

The FT has reported:

Given the banking turmoil of the past week, it is small wonder the UK financial regulator is dusting off contingency plans and looking for a potential white knight for Bradford & Bingley.

They won’t find one. It’s a lame duck. We all know it.
So, face reality: nationalise it, now. Transfer its toxic assets [...]