I predict fcuk all will be done unfortunately

I agree unfortunately. The problem is that the government need the banks to lend and they also need them to rebuild their capital base. That means the general public can go to hell in reality.

The banking sector is about to get a shakeup I think. Several large consumer orientated companies have recently got banking licenses (Tesco and Virgin for example) and they will be happy to treat customers the way they previously have in other areas i.e.. a [LIFTED] better than most of the high street banks ever have. I can see a massive migration away from the 'old guard' to these new banks who have, shall we say, less Dickensian ideals of customer service.

Jon

Nationalise the banks then. All of them. If they don’t want to play on UK territory, then fine. Gripper Cameron will be setting up a Big Society bank anyway, so as long as that has no share holders, and is answerable to the customers and the government, then so be it.

Well while as good as an idea as that all is the government are so right wing that none of that will happen.

I would like to see those banks that are insolvent, and that would probably cover all the banks bar HSBC and possibly Barclays, nationalised with the share holders and bond holders wiped out. Then break up all the banks, so that they are smaller. Ban banks from the mortgage market, that will stop the flood of cheap money inflating a property bubble. The government could create a number of building societies from the remains of the banks. Then with the mortgage market closed to them the banks will have to find new areas to lend to. By capping the leverage that banks that can have will stop then lying about the risk that they are taking on. The whole area of risk management has not worked.