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Cable: RBS sell-off may not happen for another five years
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Author:  pcernie [ Sun Aug 11, 2013 3:58 pm ]
Post subject:  Cable: RBS sell-off may not happen for another five years
http://www.theguardian.com/business/201 ... ince-cable

Any great benefit to keeping it indefinitely?
Author:  jonbwfc [ Sun Aug 11, 2013 4:47 pm ]
Post subject:  Re: Cable: RBS sell-off may not happen for another five years
pcernie wrote:
Any great benefit to keeping it indefinitely?

Given it's apparently making £0.5billion a year profit, yes. £0.5billion pounds per year worth of benefit.
Author:  pcernie [ Sun Aug 11, 2013 5:00 pm ]
Post subject:  Re: Cable: RBS sell-off may not happen for another five years
jonbwfc wrote:
pcernie wrote:
Any great benefit to keeping it indefinitely?

Given it's apparently making £0.5billion a year profit, yes. £0.5billion pounds per year worth of benefit.


That's just it, that's why I'm not understanding the sale. Other than the usual greedy bastards together bit...
Author:  ShockWaffle [ Sun Aug 11, 2013 7:04 pm ]
Post subject:  Re: Cable: RBS sell-off may not happen for another five years
The basic concerns with governments holding important industrial assets are protectionism, subsidy, and the corrosion of faith in the openness of markets.

economist.com wrote:
Thus far the government has not watered down its proposed banking regulations to make the banks more profitable—and its stakes in them more valuable. Nor does the Bank of England set interest rates with the government’s shareholding in Lloyds and RBS in mind. Yet the longer the two big banks are nationalised, the greater is the risk of either happening or of being thought to be happening.

http://www.economist.com/news/britain/2 ... ing-losses

That's the general issue. If we keep the bank in government hands, does the government then have to involve itself in the running of the bank? How do we stop the bank getting political favours that are denied to its competitors? How do we know that it will never be used, for instance, to offer soft loans in order to keep politically sensitive factories open until just after an election?
Author:  jonbwfc [ Sun Aug 11, 2013 7:28 pm ]
Post subject:  Re: Cable: RBS sell-off may not happen for another five years
ShockWaffle wrote:
The basic concerns with governments holding important industrial assets are protectionism, subsidy, and the corrosion of faith in the openness of markets.

We have all those things anyway. We had them from the moment the government bailed them out. If those things actually mattered they wouldn't have done so.
Author:  ShockWaffle [ Sun Aug 11, 2013 7:37 pm ]
Post subject:  Re: Cable: RBS sell-off may not happen for another five years
Sure. In the short term is one thing though; letting it become a permanent state of affairs is deemed likely to increase the temptation on all sides for misbehaviour, and of course the opportunities.
Author:  koli [ Mon Aug 12, 2013 7:09 pm ]
Post subject:  Re: Cable: RBS sell-off may not happen for another five years
I would like to see what gov. can do with RBS. If they give it enough independence they could do well out of it. Or it could end up like NHS. Or like Post Office. Or like quangos...
Author:  jonbwfc [ Mon Aug 12, 2013 10:42 pm ]
Post subject:  Re: Cable: RBS sell-off may not happen for another five years
koli wrote:
Or it could end up like NHS. Or like Post Office.

You mean privatised?
Author:  Spreadie [ Tue Aug 13, 2013 7:49 am ]
Post subject:  Re: Cable: RBS sell-off may not happen for another five years
jonbwfc wrote:
koli wrote:
Or it could end up like NHS. Or like Post Office.

You mean privatised?

:lol:
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