Until now, that is. We’re even in a country with a partially nationalized banking system.
The headline from yesterday’s Daily Mail is scary: "It’s outrageous that banks demand taxpayers’ money yet impose 15 pc interest rates on small businesses." The article then outlines the high interest rates that borrowers have to pay.
I guess more easy credit is what we need and nationalization is the way to get there. If I can believe this morning’s headline, the United States may be headed to the same place. Remember all that junk — like the subsidy for small arrows — that they ended up sticking into the Paulson plan?