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Posted on 10.13.08 by Mary Lou Seymour
“Remember the date. Monday 13 October will go down in history as one of the blackest days in the annals of British banking. It was the day that some of our largest and proudest private financial institutions were forced to sell large chunks of themselves to the state in order to avert total collapse. And the dreadful prospect of the collapse of these financial institutions was not the unforeseeable consequence of some lost war, a natural disaster or the assaults of a socialist government, but was brought about by their own runaway greed and staggering stupidity.” (10/13/08) Link: http://tinyurl.com/4kfvt2 Filed under: RRND Commentary | Report Bad Link Bookmark this post in Furl or Del.icio.us | |
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