Quote:
Originally Posted by MargaretR
In a democracy the people have a right to know.
Perhaps the select few were annoyed that the info became public knowledge too soon for them to rearrange their own share portfolios.
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In a perfect world I would agree with you but there is no where that sensible people wouldn't agree that a certain amount of 'secrecy' is required. If by not publicising the issues people hadn't stampeded then NR would probably still be in private hands. Similarly RBS.
Should Banks be 'outed' for using BoE cash( NOT GOVERNMENT). IMHO No, the BoE and banking system is there for reasons of cash flow in out and around. Its how the system works. The reason we are in a CC is because due to the American Sub prime issues money stopped flowing forcing Banks to go elsewhere. The only place left for NR (whose business model was different to more mainstream banks in that it lent a much higher percentage of its capital to consumers) was to BoE. Publicising that it was borrowing then caused people to ask for their savings which further compounded teh issue.
BTW, even goverment ministers are bound by insider trading rules so the chance of them 'adjusting their own' is simply not possible.