Government to break up the banks - Democratic Underground

defendandprotect

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Wed Oct-28-09 03:25 PM
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Government to break up the banks

Government to break up the banks

Lloyds, Royal Bank of Scotland and Northern Rock will be broken up and parts of their businesses sold off to create three new banks, it emerged last night.

Government sources said ministers were "determined" to see more competition in the market, following the £1.2 trillion bailout of the sector which resulted in the loss of three independent banks and several building societies.

http://www.independent.co.uk/news/business/news/government-to-break-up-the-banks-1810494.html

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RaleighNCDUer

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Wed Oct-28-09 03:26 PM
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1. And here, we bail them out and fund mergers. nt

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kenny blankenship

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Wed Oct-28-09 03:26 PM
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2. Ah, you got me! I clicked thinking Obama had come to his senses and fired his bankster buddies

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Ruby the Liberal

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Wed Oct-28-09 03:39 PM
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3. Damn. I thought this was about US banks.

Maybe we'll come to our senses one of these days.

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lpbk2713

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Wed Oct-28-09 03:41 PM
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4. Want to give Limbaugh cardiac arrest?

Start rumors that the Obama Admin wants to follow suit.

I'd love it.

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rucky

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Wed Oct-28-09 03:44 PM
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5. oooh, let's watch this one closely!

I predict some quick positive results from this move.

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