Bradford & Bingley to be nationalised [UK]

Discussion in 'Current Events' started by Blakely028, Sep 27, 2008.

  1. Blakely028 macrumors regular

    Blakely028

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    Apr 29, 2008
    Location:
    Scotland
  2. Henri Gaudier macrumors 6502a

    Henri Gaudier

    Joined:
    May 4, 2005
    Location:
    France
    #2
    Good! All banks should be nationalised. And lets not forget the actual production of money as well - that should be nationalised too. Capitalism does not work and none of its advocates can explain why it's a desirable or successful system. It runs by ignorance and by apathy of the people.:mad:
     
  3. mufflon macrumors 6502

    Joined:
    Sep 15, 2006
    #3
    Well it's better than the alternatives in most cases, but nationalising in this way is also better than the alternatives the way the world moves today
     
  4. andiwm2003 macrumors 601

    andiwm2003

    Joined:
    Mar 29, 2004
    Location:
    Boston, MA
    #4
    yeah, if it wasn't so bad it would be funny.

    here in the US Bush nationalizes companies faster than Hugo Chavez.

    I'm just speechless how the libertarians and neocons who shouted "no government!" all of a sudden are for nationalizing, spending taxpayers money, bailouts and how readily they crawl under the governments protection.:rolleyes:

    btw: i consider myself a capitalist, at least to some extent......
     
  5. TheAnswer macrumors 68030

    TheAnswer

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    Orange County, CA
    #5
    Who cares? [looks around] I dunno.
     
  6. bigandy macrumors G3

    bigandy

    Joined:
    Apr 30, 2004
    Location:
    Murka
    #6
    Ignoring the anti-capitalist (and off topic) conversation above...

    I need to point out Robert Preston's blog:

    Moar.

    The coming months aren't gonna be huge fun.
     
  7. ravenvii macrumors 604

    ravenvii

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    Mar 17, 2004
    Location:
    Melenkurion Skyweir
    #7
    What are building societies? I'm American and never heard of it. Are they like credit unions?
     
  8. TheAnswer macrumors 68030

    TheAnswer

    Joined:
    Jan 25, 2002
    Location:
    Orange County, CA
    #8
    It appears so.
     
  9. ravenvii macrumors 604

    ravenvii

    Joined:
    Mar 17, 2004
    Location:
    Melenkurion Skyweir
    #9
    If that's the case, why are they colossal failures? They seem to be doing okay, considering, here in the US.
     
  10. gnasher729 macrumors P6

    gnasher729

    Joined:
    Nov 25, 2005
    #10
    Many building societies have been turned into normal banks in the 80's and 90's. With all the problems that greed-based trading has created and that now suddenly have become visible.
     
  11. weckart macrumors 68040

    Joined:
    Nov 7, 2004
    #11
    A large number of carpetbaggers joined many of the leading Building Societies with the express intention as members/shareholders of forcing a demutualisation for the purposes of a quick payoff.

    Considering the reasons why Building Societies existed in the first place, it was another example of the "unacceptable face of capitalism" precipitated by the greed and short-termism of some of its members, who are now left with increasingly expensive mortgages and less control over the policies of the institutions running these.
     

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