Here on this site:
27th September 2008
“Nationalisation is the worst option….By all means strengthen deposit protection. By all means act behind the scenes to help a private sector solution, but do not promise to buy it or take it over”
November 4th 2008:
“It’s great news that another group want second thoughts on this deal.(LLoyds/HBOS) Let’s hope they can come up with a persuasive enough proposal for more shareholders to vote for it.
It would be better if the government vetoed the merger on competition grounds. They should stand behind any bank as lender of last resort, but should not be buying shares and acting as midwives to mergers which cut competition, choice,and pressure for more efficient banks.”