tag:blogger.com,1999:blog-33696095.post9034079109573880432..comments2024-03-20T16:27:56.522+00:00Comments on Norfolk Blogger: Vince Cable was right - Lib Dems show better understanding of Northern Rock issue than the governmentNich Starlinghttp://www.blogger.com/profile/04237390959601973501noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-33696095.post-20121961265542664732008-02-18T14:56:00.000+00:002008-02-18T14:56:00.000+00:00I would have thought the Conservatives position wa...I would have thought the Conservatives position was quite obvious - no to nationalisation, cut it loose and let it sink or swim.<BR/><BR/>Nationalisation was not the "least worst option", it was the worst possible option. What damage does it do to London’s position as a global financial hub, I don't think its even possible to put a price on it. There can be few scenarios that will dissuade foreign investment more than the forced nationalisation of a bank!<BR/><BR/>Cut the Rock off, if it goes tits up so be it. Depositors are protected, staff would loose their jobs and shareholders would loose out (but that’s what you get for investing in a bank with dodgy lending practices). The only reason Labour won't do this is because its heartlands in the North would be affected the most should the Rock go into administration.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-33696095.post-62443503162411656832008-02-18T13:36:00.000+00:002008-02-18T13:36:00.000+00:00but it should guarantee that taxpayers are, in the...but it should guarantee that taxpayers are, in the long run, fully compensated<BR/><BR/><BR/>Oh yes of course , the property market couldn`t collapse could it ? This is to guarantee 6000 jobs in Labour`s heartland, no more no less ,and it is done by risking everyone elses money.<BR/><BR/>The question is Nick , will you want to lend me a few thou should I be redundant and that question must be asked by everyone who , being in the private sector , faces that posibility every day.( Usually at the worst possible time ) .<BR/><BR/>Still , loving the cut of your jib on the Lisbon lie . I wonder how you feel about the negotiations that have been going on between Clegg and Brown about a deal power for PR after the next election. Is it connected ? .... Dreadful when the smallest Party holds all the strings isn`t it. Seems to immediately encourage clandenstine back scratching . Will you be calling for honesty here as well and at least with the Party ?Newmaniahttps://www.blogger.com/profile/11922161971821380803noreply@blogger.com