Private profit public debt

[pcb]

In the FT today the Tory ex-chancellor Nigel Lawson calls for RBS to be nationalise supposedly to curb the bonus culture.
Is it not suspicious that on the paper's front page it mentions a fresh selling scandal which could cost RBS and others up to 2 billion pounds. Then on page 2 Lawson calls for nationalisation in the wake of the Libor scandal which will cost RBS up to £500 million! If nationalisation occurs its the tax payer who pays the fines! A Tory never changes its spots.

[ziko]

Of course - This is the beauty of Privatisation the few (THE ELITE/OR VERY WELL OFF) have a win win situation if its a success they profit if it isn't they stll profit! The only difference is in the later case the tax payer or LOWER/MIDDLE CLASS have to pay for the rich riches!!!!!!!!!!