We have widespread Nationalisation of the banking industry.
This will result in interference in the companies concerned. If it does not, the Government would be nagged by vested interests until it did interfere. There are already calls, from envy-politicians who foam against bonuses to the Environazis who want the banks to "invest", i.e. subsidise, some pet "green technology" du jour.
State interference will reduce the attractiveness of the UK as a banking centre. The only consolation is that many other centres are also in the do-do and lining up behind the Socialist muck-spreader, so we might not get an immediate loss of status in the short term to our existing peer group (FFT, NY, TKY). However, places like Dubai are itching to expand and take over. Do not expect them to stop for Ramadan when they see an opportunity to eat our lunch. They will bag it for later, and good luck to them.
Having said that, if the Government is to create more debt for Taxpayers over this, it seems the least bad option to get shares in exchange for that debt. Let us hope the share prices outperform the coupon on that debt so we, the Taxpayer, can see a return for the risk.
What is so infuriating is that Gordon Brown is acting like some kind of saviour. Just imagine if someone had broken all your windows, kicked in your door, allowed the roof to go to rack and ruin - letting in water and causing all manner of damage and cost - smahed your drains, mains and automobiles. And shot your dog. Imagine that person arriving with a sheet of tarpaulin and a roll of gaffer tape while wearing a big grin and expecting to be welcomed like some romantic hero. His is what has happened in regard to Gordon Brown. The problem is the MSM and many pundits have fallen for it. Gordon has got his Falklands, but he did not deserve it.
Where is the contrition? Where is the acceptance of responsibility here? There is none. It is absolutely shocking yet the MSM, instead of nailing him to the mast or keel-hauling him are almost fluffing him off off-camera. I hear Polly is keen again.
"Son of the Manse" my painted arse. How can he ever trot out that sanctimonious, faux piety and prudence again when he has so blatantly chosen to intentionally ignore his dirty fingernails in the woes we face. He, a Marxist, must be loving it. The Great Protector. The State to the rescue. The big City Boys now beholden to Le Teat Majeure.
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In September 2010, TSB, Barclays, Lloyds, the Bank of Scotland and NatWest joined together to form the National Bank, whose deposits are guaranteed by the Government. We aim, together, to provide excellence in banking in the 21st century.
This means that, by November 2010, you must transfer your account to the National Bank.
Here are the things you have to do. IF YOU DO NOT YOU MAY LOSE YOUR ACCOUNT.
Go to any bank counter of the National Bank. All National Banks are clearly labeled for your convenience. You may have to wait. Try to be patient.
Ask for Form RIBE54/3. (This may vary in some areas as forms are in short supply). You can get this Form in your own language (Just ask at the counter for Form RIBE 93/7c.) You may ask for Form RIBE 54/3 to be sent to your home address. (This does not apply to Form RIBE 54/7 which is available only in Tower Hamlets and Towcester). Please allow a week for delivery.
Fill in ALL of Form RIBE 54/3. Don’t forget to put in your marital status and sexual orientation (you can find this on page 25). We also ask for you to complete the racial identity survey (you can find this on page 34) so that we can make sure that everyone is treated fairly, regardless of ethnicity or sexual orientation. Remember the Medical Section (Pages 13-24) must be countersigned by a Doctor. IF YOU DO NOT SEND US THE COMPLETE FORM YOUR ACCOUNT MAY NOT BE VALIDATED.
If you would like to speak in your own language, please ask for an interpreter. (This service is provided free of charge.)
The National Bank does not accept accounts from any member of the British National Party or from members of the UKIP.
Are you working for any government department? If you are, please ask for an appointment with one of our equal opportunities advisors. This will save us time in completing your transfer by fast tracking your application.
We give special consideration to single mothers and those on disability benefits.
Special consideration is also given to Core Workers. If you are a party activist you may be a Core Worker. (You can see a list of people entitled to this benefit on Appendix V/RIBE 54/3, or Appendix III/RIBE 54/17 in Wales)
The National Bank aims to provide excellence into the 21st century. We want to hear what you think of our delivery. Don’t forget to fill in the Appreciation Survey which you will find at the end of Form RIBE 54/3. There is a Freepost envelope provided for your convenience.
We aim to reply to your completed application within three calendar months of receipt. If you do not hear from us within that time, please assume that your application has not been successful.
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