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Lloyds TSB negotiations to takeover HBOS have collapsed, according to Sky sources.
In a move which fundamentally changes the nature of banking, Gordon Brown decided the Government had no choice but to take a majority shareholding in both banks after he discovered they were far more vulnerable than had previously been thought.
Originally posted by redled
Wow! I wonder if nationalised banks can be forced to restart inter-bank lending?
reply to post by Hastobemoretolife
Seems to me moving the bad debts from the private sector where they will go to be sold at a loss to being the responsibility of the government is going to bring the government down with it because the bad debts are not being solved.
Originally posted by anachryon
all your bank are belong to UK.