oh well the banksters and shysters made a packet at our expense, again
nationalise the debt but privatise the profits, ELYSIUM ...

Royal Mail privatised for up to £1.5bn less than City estimates of its value

http://www.theguardian.com/uk-news/2014 ... ates-value

£1.5bn less than some of the offers to manage the privatisation were pretty much guaranteeing it would get, which the government decided not to take up. It's a bit of a problem when you're struggling to find ways to show that it wasn't corrupt.

http://www.bbc.co.uk/news/business-26819971

Frankly, the 'elite' saw an opportunity for a fantastic wheeze at the cost of the public.

Hmm - the shares rose in value to £4.55.

Assume that the government had decided that £4.50 was the right price for a share. Firstly, there’d be a lot of “OMG, that’s steep” like comments. Secondly, I would expect shares to sell in minutes on trading day anyway, and for there to be an increase in value as those who initially bought sold to make a profit. So the price would have gone up ANYWAY, and this story would still be news because the tax payer would still have “lost out” to this increased prices.

Yes, the share sales was rushed (more likely to side step Union grumblings), but if my memory serves me, a lot of people made a lot of cash in the 1980s when British Gas and the Electricity Board were sold.

Shares go up, and in privatisation sales like this, share prices are likely to jump alarmingly in value after the the initial floatation.

Yes but when they don't ever come down again then you start to smell a rat.

And one that was round a few very particular houses.