Gabba Flamenco Crossover
High Sierra Skullfuck
http://www.guardian.co.uk/business/2008/feb/18/northernrock.banking
Am I missing something here? The shareholders owned the bank, they appointed the management team. No one compelled them to take a government bailout and invite the treasury into thier business.
If the value of the shares have tanked because of abstract market forces, then they got bit by the 'risk' that city types are always going on about as being crucial to the cut and thrust of free enterprise. If it was down to the incompetence of the management team, then the shareholders were asleep at the wheel.
Trying to pin the blame on the government takes 'having your cake and eating it' to absurd lengths IMO.
Am I missing something here? The shareholders owned the bank, they appointed the management team. No one compelled them to take a government bailout and invite the treasury into thier business.
If the value of the shares have tanked because of abstract market forces, then they got bit by the 'risk' that city types are always going on about as being crucial to the cut and thrust of free enterprise. If it was down to the incompetence of the management team, then the shareholders were asleep at the wheel.
Trying to pin the blame on the government takes 'having your cake and eating it' to absurd lengths IMO.