Re: <nettime> nationalization of the banking system

[richard@imaginaryfutures.net]

Hiya,

The "New" Labour government has already had to nationalise one of the
top mortgage lenders in Britain when its incompetent management
bankrupted their bank. Of course, this move doesn't mean that they
have rediscovered their socialist principles...

For more info, check out this link and others on John McDonnell's blog:
http://www.johnmcdonnell.org.uk/2008/02/northern-rocks-missing-granite.html

Richard






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